Globalization Brings Benefits to All Countries

Chinese Premier Li Keqiang delivered an address resoundingly touting the benefits of globalization during the first day of the World Economic Forum’s “Summer Davos” event in Dalian, China.

During the speech, Li heralded globalization, saying that “it is bringing benefits to all countries,” although he acknowledged that countries may also face challenges along the way.

While positioning China as a global leader, the premier also reiterated his country’s commitment to addressing climate change — a reaffirmation which comes in the wake of the U.S. announcing its departure from the global Paris Agreement on the issue.

CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.