Caixin
Jan 28, 2019 02:45 AM
ECONOMY

In-Depth: Reading the Tea Leaves From Davos

Chinese Vice President Wang Qishan delivers a speech to global leaders at the World Economic Forum in Davos. Photo: VCG
Chinese Vice President Wang Qishan delivers a speech to global leaders at the World Economic Forum in Davos. Photo: VCG

(Davos, Switzerland) — Is the world on the verge of sliding into another damaging financial crisis? As downbeat evidence piled up going into the annual World Economic Forum last week – much of it focused on China – Chinese Vice President Wang Qishan struck a defiantly optimistic posture.

“No matter the uncertainties we face in 2019, there is one certainty – China’s development will be sustainable,” the 70-year-old Wang told the forum in the Swiss resort town of Davos. "If another crisis does occur … I believe it will ultimately test the wisdom and diligence of the human race. Just like getting a cold or a fever … catching a fever is exactly the right way to test the immune system."

loadingImg
Register to read this article for free.
Register
Share this article
Open WeChat and scan the QR code
GALLERY
Copyright © 2017 Caixin Global Limited. All Rights Reserved.