Chinese President Xi Jinping warns against ‘new Cold War’ in Davos speech, calls for ‘open world economy’

Chinese President Xi Jinping has called for “an open world economy” in an address to the World Economic Forum, saying that excellence rather than “wrestling” should be driving global prosperity.

In a virtual gathering instead of the annual in-person meetings at the Switzerland ski resort of Davos, Mr Xi urged nations to remove all barriers to trade.

“We should build an open world economy … discard discriminatory and exclusionary standards, rules and systems, and take down barriers to trade, investment…