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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Davos, Switzerland, January 23 (Xinhua) — The World Economic Forum (WEF) 2026 Annual Meeting concluded in Davos on Friday. Participants unanimously noted that a rapidly changing world requires greater dialogue and closer cooperation in the face of global challenges.
At the session's closing panel discussion, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala said the trade sector had experienced "the most severe shock in 80 years," noting that global trade rules had weakened.
The world cannot return to the status quo, she said, and both public and private sector resilience needs to be strengthened to adapt to future uncertainty.
Speaking about managing risks associated with artificial intelligence (AI), N. Okonjo-Iweala emphasized the need for global cooperation.
“There are certain problems that we simply cannot solve alone,” she said, adding that “no single country or even region can be responsible for regulating AI or setting limits on it.”
European Central Bank (ECB) President Christine Lagarde stated, "We must be attentive to the distribution of wealth. We must be careful about inequality, which is becoming deeper and more widespread," adding, "If we don't pay due attention to this, we could face serious problems."
Noting that the level of trust has declined to a certain extent, K. Lagarde called for it to be restored through dialogue.
Saudi Arabia's Finance Minister Mohammed bin Abdullah Al-Jadaan also stressed the need for greater dialogue and cooperation, calling for support from institutions such as the WEF, the World Bank and the International Monetary Fund.
In his closing remarks, WEF President Børge Brende noted that dialogue is key to moving the world forward, emphasizing that strengthening markets, promoting connectivity, resolving conflicts, and achieving inclusive growth depend on the ability of decision-makers to engage in dialogue with each other. –0–
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