The China risk: what leaders in Davos say about it

DAVOS-U.S. Vice President Joe Biden sternly warned the world’s leading corporate executives Wednesday that economic growth and global security will face increasing risks if they don’t shift tactics and do more to bolster the middle class as the economy undergoes a wrenching transition. “The two, four-hundred people who are here, plus robot Hubo”, With the fourth industrial revolution all about speedy and intelligent technologies, expectations are higher than ever for what the second wave of robotics might entail.

Pope Francis has appealed to the economic leaders of the world not to forget the poor.

Dutch prime minister Mark Rutte, whose country now holds the rotating presidency of the 28-nation bloc, said he is “fairly optimistic” a deal with Britain will emerge in February, but that he is “not absolutely sure”. “He should be defending our industry”, Panda said.

“There is a communication issue”, Lagarde said, “Better and more communication would certainly serve that transition better”.

A potential Brexit loomed large over discussions in Davos, especially at a time that Europe has so many issues to contend with, including the parlous state of many of its economies, terrorism and the sheer scale of the refugees crisis it’s facing – Germany alone took in over a million past year.

Former US Vice-President Al Gore gestures as he speaks during the panel “Around the World without Fuel Fear” at the World Economic Forum in Davos, Switzerland, Wednesday, Jan. 20, 2016.

The IMF’s recent downgrade of growth forecasts and Lagarde’s future are on many minds at this week’s World Economic Forum gathering in Davos, Switzerland where she is a prominent presence.

Earlier this week, the chairmen of some of the world’s biggest companies had their annual get-together – a chat over food and drinks on what most concerns them.

The Canadian Conservative Party commented on Sajjan’s exclusion from the worldwide policy planning meeting stating, “Canada is deliberately being excluded because of this Liberal government’s decision to withdraw our CF-18s from the mission against ISIS”, according to the Associated Press.

A Chinese market regulator said the concerns over growth were overstated.

“This is the primary challenge before you as leaders in the business world”.

The Bank of Canada will deliver its much-anticipated interest rate announcement, likely to come just before Mr. Trudeau takes the stage.

The executive director of Oxfam International says ordinary people are losing faith in their political leaders and see them “as being in a cosy bed with business and cheating the ordinary person”. “For every single day previous year, over 12,000 newly registered companies emerged across China”, said Li adding this was an indication of invigorated entrepreneurship along with the surge in the number of technology and business incubators aimed at young entrepreneurs.

World governments agreed in Paris in December to limit the rise in global temperatures, a move that will require a ramp-up in the amount of energy that comes from renewable sources. Doing that might actually be a bit easier with the bigwigs off in Davos.