In the coming five years, Xi added, China is expected to import 8 trillion dollars of goods, attract 600 billion dollars of foreign investment, and make 750 billion dollars of outbound investment, and Chinese tourists will make 700 million overseas visits.
"All this will create a bigger market, more capital, more products and more business opportunities for other countries," noted the president, whose country has contributed over 30 percent to global growth on average every year since the 2008 international financial crisis.
NO TO PROTECTIONISM
While China is opening its door wider to the outside world, some other countries are seeking to retreat into the cocoon of their borders, pointing an accusing finger at economic globalization.
In response to the rising anti-globalization sentiment, Xi pointed out in his Davos speech that "many of the problems troubling the world are not caused by economic globalization."
"Pursuing protectionism is like locking oneself in a dark room. While wind and rain may be kept outside, that dark room will also block light and air. No one will emerge as a winner in a trade war," said the Chinese president.
China's firm stance against protectionism is gaining broader consensus. During their respective visits to China last week, French Prime Minister Bernard Cazeneuve said that his country is ready to work with China to oppose protectionism, and Italian President Sergio Mattarella expressed his support for an open multilateral trading system.
Amid such anti-globalization currents as populism, protectionism and isolationism, China's active involvement in global economic cooperation and support for open, free global trade will have a positive impact upon itself and all nations around the world, said Gerrishon K. Ikiara, a senior lecturer at the University of Nairobi.
As a major Chinese endeavor to promote global cooperation and common development, the Belt and Road Initiative, which is aimed at building an infrastructure and trade network along the ancient trade routes, is attracting more support and reaping early fruits.
So far over 100 countries and international organizations have given support to the initiative, and more than 40 of them have signed cooperation agreements with China.
Speaking in Jakarta last week on globalization, former World Trade Organization Director-General Pascal Lamy said the Belt and Road Initiative, proposed by Xi in 2013, will be "the future engine" of globalization.
As many countries around the world are sliding toward protectionism, China "will probably be the stabilizing factor of the global trade," he said.
