China-US collaboration could deliver a shot in the arm for the global economy

BEIJING: How can cooperation be strengthened in a fragmented world? The answer from China is to dig deep into the causes of fragmentation, promote positive-sum games, identify the possible converging areas of cooperation, and explore the mechanisms for doing so.
Countries need to uphold the right principles and maintain the effective international economic order, strengthen international macro policy coordination and strike a good balance between inflation and growth, and join in a global response to climate change, Chinese Vice Premier Liu He said at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, on January 17.
Famous for its winter sports and WEF activities, the mountain resort Davos, which had been quiet for two winters, came alive again when the 2023 session took place offline from January 16 to 20. It was the first time since the outbreak of COVID-19 that the forum was held in the traditional mode.
“Mutual understanding is an important prerequisite for cooperation,” Liu said. “Online communication, no matter how frequent or how technologically advanced, is no substitute for in-person meetings.”
Compared to three years ago, the world today has changed dramatically. Globally, COVID-19 has never fully been brought under control, supply chains are disrupted, and the Russia-Ukraine conflict has accelerated the evolution of the geopolitical landscape.
–The Daily Mail-Beijing review news exchange item