On January 17, President Xi Jinping attended the opening session of the World Economic Forum Annual Meeting 2017 in Davos and delivered a keynote speech. In his speech, President Xi stressed that blaming economic globalization for the world's problems is inconsistent with reality and unhelpful to solving the problems. He emphasized the need to adapt to and guide economic globalization, cushion its negative impact, and deliver its benefits to all countries and all nations; the need to act pro-actively and manage economic globalization as appropriate so as to release its positive impact and rebalance the process of economic globalization; the need to follow the general trend, proceed from our respective national conditions and embark on the right pathway of integrating into economic globalization with the right pace; and the need to strike a balance between efficiency and equity to ensure that different countries, different social strata and different groups of people all share in the benefits of economic globalization.