China’s Xi Jinping set to skip World Economic Forum in Davos, scuppering hopes of meeting with Donald Trump
China’s Xi Jinping set to skip World Economic Forum in Davos, scuppering hopes of meeting with Donald Trump
The summit in Davos, Switzerland, is scheduled to take place from January 21 to January 24, ending the same day that Lunar New Year celebrations begin
Beijing still plans to send its top trade negotiator, Vice-Premier Liu He, to Washington to sign the phase one deal in early January
Donald J. Trump
✔
@realDonaldTrump
Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchaes of agricultural product & more. Formal signing being arranged. Also talked about North Korea, where we are working with China, & Hong Kong (progress!).
What is the purpose of a business? Is it to generate wealth? To further social good? To deliver for shareholders? That question seemed to echo throughout 2019: Leading U.S. presidential candidates took aim at big tech; hit movies like Parasite and Hustlers addressed inequality. Now, one of the world’s top economic forums has issued its own answer.
On Monday, the World Economic Forum issued a new “Davos Manifesto,” titled “The Universal Purpose of a Company in the Fourth Industrial Revolution.”
“The purpose of a company is to engage all its stakeholders in shared and sustained value creation,” the new Manifesto begins. “In creating such value, a company serves not only its shareholders, but all its stakeholders – employees, customers, suppliers, local communities and society at large.”
The Manifesto declares that companies should pay their share of taxes, fight corruption, support human rights, push for fair market competition as well as be stakeholders themselves in the future of the globe.
Donald Trump had ‘very good talk’ with Xi Jinping on US-China trade war deal, Hong Kong and North Korea
Formal signing of phase one agreement being arranged, US President says in tweet announcing phone call between leaders
Xi told Trump that China is deeply concerned about ‘negative words and deeds’ of US on issues related to Hong Kong, Xinjiang, Taiwan and Tibet
Lee Jeong-ho
Lee Jeong-ho
Published: 12:23am, 21 Dec, 2019
