If effective policy measures can't be taken to contain it, the risks to the world economy caused by the escalation of protectionism could severely disturb the world in 2018.

It is clear from this year’s Davos conference that while America has shifted its attention from maintaining the world order to strengthening its domestic economics, China is making use of the “leadership vacuum” and trying to convince the world that it is qualified.

China should be willing to loosen trade and investment restrictions if it seeks to play a leading role in globalization, International Monetary Fund First Deputy Managing Director David Lipton said.

The BRICS are already driving the world economy. The willingness of representatives of these emerging economies will make a greater contribution to the sustainable and inclusive development of the global economy and to the improvement of global governance.

After years of post-crisis despair, the broad consensus of forecasters is now quite upbeat about prospects for the global economy in 2018. World GDP growth is viewed as increasingly strong, synchronous, and inflation-free. Exuberant financial markets could hardly ask for more.

President Donald Trump signed a memorandum authorizing Robert Lighthizer, the US trade representative, to determine whether to investigate on complaints that U.S. companies were "involuntarily" transferring core technologies to China in order to secure market access.

Visiting Chinese Premier Li Keqiang on Monday called for advancing cooperation between China and 16 Central and Eastern European countries (CEEC), also known as

Faced with a global economy in transition, we should uphold multilateralism, pursue shared growth through consultation and collaboration, forge closer partnerships, and build a community with a shared future for mankind.

The scale of all sorts of debt in the US, including federal government debt, corporate debt, household debt, and private debt is nearing an all-time high. Evidence suggests a new debt crisis is mounting.