First Chinest President to visit Davos for World Economic Forum

Xi Jinping, China's president, attends a joint news conference with Malaysian Prime Minister Najib Razak, unseen, at the Prime Minister's Office in Putrajaya, Malaysia, on Friday, Oct. 4, 2013. Xi signed agreements today to boost economic cooperation and defense ties with Malaysia as U.S. President Barack Obama scrapped his tour of the region. Photographer: Goh Seng Chong/Bloomberg *** Local Caption *** Xi Jinping
The World Economic Forum in Davos is for the first time to welcome Xi Jinping to its annual meeting of World leaders January. This is the first a Chinese president has attended the event.That has coincided with a state visit to Switzerland which had been planned previously

Davos is the annual meeting point of the global elite and Mr Xi’s attendance would highlight his country’s leadership on the world stage.Britain’s vote to leave the European Union this summer and the victory of the protectionist-talking Trump in the US presidential election last month have both been seen as blows to globalisation. The world’s No 2 economy, under one-party rule, is now one of the loudest supporters of free trade.

It was only till this year, ahead of a meeting of G20 finance ministers and central bankers in Shanghai, that China’s most senior leaders finally began to address the world’s concerns about their management of the world’s second-largest economy.What is believed to be significant by the visit at Davos is that China is beginning to fill space being potentially vacated by the US under Trump and comes as the United States appears poised to become more inward-looking under incoming president Donald Trump and Europe is swept by populist sentiment.

Amid this uncertainty, Xi is trying to promote himself as an important global leader who can contribute new ideas, even as he attempts to consolidate his power at home.
Attendance at the Davos forum by the president would be an opportunity to gain better exposure in international media, to convey China’s message it appears.