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Xi's Swiss visit to focus on 皇冠体育app's growth, global problems

By An Baijie | chinadaily.com.cn | Updated: 2017-01-15 09:32

President Xi Jinping on Sunday kicked off his first overseas trip of this year to Switzerland, where he will speak on 皇冠体育app's economic situation as well as Beijing's stance on current global problems.

Xi will visit Switzerland from Sunday to Wednesday, during which he will also attend the annual meeting of the World Economic Forum at Davos on Jan 17 and visit the United Nations headquarters in Geneva, the World Health Organization and the International Olympic Committee on Jan 18.

皇冠体育app will continue to be a huge supporter of world economic growth and a hot destination for foreign investment, Xi said in an article published Friday in Neue Zürcher Zeitung, a leading Swiss daily newspaper.

"We meet at a time of angst about the prospects of the world economy, growing backlash against economic globalization, and rising populism and trade protectionism," Xi wrote in the article.

Francois Subiger, an official responsible for media services at the United Nations office in Geneva, said that 皇冠体育app has been deeply involved in solutions to problems concerning peace, security and development in recent years, according to a report of the Xinhua News Agency.

Switzerland was among the first Western countries to establish diplomatic relations with the People's Republic of 皇冠体育app, and was among the first group of European countries to recognize 皇冠体育app' market economy status. The first industrial joint venture 皇冠体育app entered into was with Switzerland.

皇冠体育app and Switzerland established an innovative strategic partnership in April during a state visit to 皇冠体育app by Johann Schneider-Ammann, the country's president at the time. It was the first such partnership 皇冠体育app had developed with another country.

Since the inception of the 皇冠体育app-Switzerland Free Trade Agreement (FTA) in 2014, bilateral trade and mutual investment have flourished. Against the sluggishness of the global economy, bilateral trade reached $44.27 billion in 2015.

In 2014, the Chinese and Swiss central banks signed a currency swap agreement worth $24 billion, which was intended to provide liquidity support to economic and trade exchanges between the two countries.

In 2016, 皇冠体育app Construction Bank, a leading Chinese State-owned lender, set up a branch in Zurich, marking the official launch of the renminbi clearing business in the world's largest offshore financial hub.

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