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"Multilateralism is about having international affairs addressed through consultation," President Xi Jinping stressed.
Addressing the World Economic Forum (WEF) on Monday, China’s President Xi Jinping called on the world to abandon ideological prejudice and jointly follow a path of peaceful coexistence, mutual benefit, and cooperation.
"Decision should not be made by simply showing off strong muscles or waving a big fist," he said, adding that "selective multilateralism should not be our option."
Each country is unique with its own history, culture and social system, and none is superior to the other, he said, reiterating that "no two leaves in the world are identical, and no histories, cultures or social systems are the same."
"State-to-state relations should be coordinated and regulated through proper institutions and rules. The strong should not bully the weak," he said.
Rudolf Minsch, a chief economist at Economiesuisse, said that while the COVID-19 crisis has led to more protectionism in many countries, "China has an important role in convincing other countries to abandon trade barriers."
"China will act as a growth locomotive for the world economy," Minsch said, adding that the Chinese economy "will support the recovery in other markets" in 2021.