Joerg Wuttke, president of the European Union Chamber of Commerce in China. (Photo provided to China Daily)
I think the key points in President Xi's candid speech are institution-building, the importance of the IMF (International Monetary Fund) and the importance of SDR (Special Drawing Rights, which now include the renminbi). Two things struck me as well: his emphasis on international coordination on taxation and the fight against corruption. These issues are extremely important for global business. He also said that globalization is challenged by protectionism, and that the global economic recovery is fragile.
