On Jan 17, President Xi Jinping attended the opening session of the World Economic Forum Annual Meeting 2017 in Davos and delivered a keynote speech.

In his speech, President Xi pointed out the following root causes of the sluggish global economy: Lack of robust driving forces for global growth makes it difficult to sustain the steady growth of the global economy: inadequate global economic governance makes it difficult to adapt to new developments in the global economy; and uneven global development makes it difficult to meet people's expectations for better lives. He stressed the need to develop a dynamic innovation-driven growth model, a model of open and win-win cooperation featuring a well-coordinated and inter-connected approach, a model of fair and equitable governance in keeping with the trend of the times, and a balanced, equitable and inclusive development model.