Chinese President: Don't blame globalisation for world's problems

Chinese President Xi Jinping has told World Economic Forum delegates in Davos they shouldn't blame globalisation for the world's problems.

Xi is the first Chinese Head of State to address the World Economic Forum.

In the 40 minute speech, Xi went as far as to say our enemies are not other countries. Rather that the real enemy is hunger, poverty, superstition and prejudice.

He referred to the refugee crisis, saying it has been caused by war and regional turbulence and that the international financial crisis was a consequence of excessive chasing of profit, and the failure of regulatory bodies.

No one will emerge as a winner in a trade war.

Chinese President Xi Jinping

EWN reporter Stephen Grootes says Finance Minister Pravin Gordhan is also due to speak about emerging markets and the rise of the dollar.

Listen to the audio below for more information about Xi's speech...

For more go to EWN portal, in partnership with Ashburton Investments.

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