Chinese President Xi Jinping delivers a speech titled "Keeping Abreast of the Trend of the Times to Achieve Common Development" at the BRICS Business Forum in Johannesburg, South Africa, July 25, 2018. (Xinhua/Wang Ye)
From new global growth drivers to the international landscape and the global governance system, Chinese President Xi Jinping shared his thoughts on the changes the world is going to witness in the next decade, in Johannesburg on Wednesday.
The next decade will be a crucial one in which new global growth drivers will take the place of old ones, seeing faster changes in the international landscape and the international alignment of forces, and witnessing a profound reshaping of the global governance system, Xi said while addressing the BRICS Business Forum in Johannesburg, South Africa.
He said that a new round of revolution and transformation in science, technology and industries featuring artificial intelligence, big data, quantum information and bio-technology are gaining momentum, and they are giving birth to a large number of new industries and business forms and models and will fundamentally change global development and people's work and lives.
"We must seize this important opportunity to enable emerging markets and developing countries to achieve leapfrog development," he told about 1,200 government officials and business people.
Xi continued that emerging markets and developing countries already contribute 80 percent of global economic growth, and based on exchange rate calculation, these countries account for nearly 40 percent of the global economic output.
"Growing at their current rates, these countries will see their economic output approach half of the global total in a decade," Xi said. "The collective rise of emerging markets and developing countries is unstoppable, and it will make global development more balanced and global peace more firmly based."
