Therefore, the right way forward is to guide economic globalization, cushion its negative impacts, and deliver its benefits to all countries.
Taking China's accession to the World Trade Organization as an example, despite bewilderment and fear from foreign countries, China took a brave step forward to embrace the global market.
"We have had our fair share of choking in the water and encountering whirlpools and choppy waves, but we have learned how to swim in this process. It has proven to be the right strategic choice," Xi said.
Opening up brings the world to China and China to the world. Such active integration has had global ramifications.
In 2016, China was responsible for 33.2 percent of the world's economic expansion, remaining the top engine of global growth in 2016, up from a mere 0.53 percent in 2001.
UPGRADED GLOBALIZATION
All in all, an anti-globalization cry only reflects a shortage of globalization itself.
There is a fundamental need to develop a dynamic innovation-driven growth model, one that is well-coordinated and inter-connected, one that is win-win for all involved, Xi said.
China aims to tackle the problems of inequality, exclusiveness and inefficiency witnessed from the previous round of globalization.
China will advance the building of a Free Trade Area in the Asia-Pacific and negotiations of the Regional Comprehensive Economic Partnership to form a global network of free trade arrangements.
Regarding the Belt and Road Initiative, envisioned as an infrastructure and trade network connecting Asia with Europe and Africa along ancient trade routes, China's circle of friends is growing larger, with the initiative delivering significant benefits.
"In the face of both opportunities and challenges of economic globalization, the right thing to do is to seize every opportunity, jointly meet challenges and chart the right course for economic globalization," he said.
