Nine years after the global financial crisis, while many economies are on the mend, anxiety lingers about the negative side of economic globalization. Populist and protectionist forces dismiss globalization as working against ordinary workers and widening economic inequality. Should globalization be blamed for all the problems facing the world? Is a reversal of globalization the way forward?

He Yafei, a former top Chinese diplomat, dissects globalism under attack and China's pursuit of a growing leadership role in global governance. Mr. He also offers his insights on what China can do to manage its ties with the Uwith the Trump administration.

Though the international economy remains unstable, the trend of economic globalization is irresistible. In the face of populist movements, however, it is critical to demonstrate the benefits and make globalization both broader and deeper to make it fairer to developing countries and more valuable to all.

What we are witnessing today is not “the toss out of globalization” or “de-globalization”, but rather a new era or phase of globalization or “re-globalization” wherein greater and more complicated challenges become the order of the day. Therefore we need concerted efforts more than ever before to ascertain the big trends as well as individual difficulties and work out consensus and solutions for collective actions to “make globalization great again”. China has no option but to be in the fore front of globalization and global governance.

Humanity has to choose between pressing ahead with globalization and backpedaling. China’s president seized the moment to inject enthusiasm for economic globalization as it faces strong headwind from the US.

Mr. Xi brings Davos a message of pluralism, as opposed to the universalism most of his audience has preached. He is no Davos Man. But perhaps this is just what globalization needs. Before it can be restarted, it needs a reset.

While the incoming Trump administration has stirred fears that it will direct the US in an inward direction, there is plenty of reason to think that the new president is pro-trade in ways that will re-shape but not destroy the global playing field.

It is foreseeable that the “America first” policy will undermine the present global economic and geopolitical patterns, bringing uncertainty to the world. But so long as both sides give up the mentality of zero-sum rivalry and persist in cooperation, the Sino-US relationship will come through the current period of uncertainty and maintain the momentum of steady and healthy development.

Chinese President Xi Jinping shares his vision for building a community of shared future for mankind and achieving shared and win-win development amid growing challenges and risks in the world.

Chinese President Xi Jinping, in his unprecedented appearance at the World Economic Forum in Davos, calls for new models of global growth, cooperation, governance and development.