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China's slowdown, Brexit in focus at Davos

January 24, 2019 00:00:00


DAVOS (Switzerland), Jan 23 (AFP): China's slowdown and Brexit took centre-stage Wednesday at the Davos forum of the world's business elite, but the unlikely star was shaping up to be a Swedish teenager whose demands for climate action are inspiring schoolchildren across the world.

The annual World Economic Forum (WEF) is taking place this week in a global context of rising populism and concern for the catastrophic consequences of climate change.

Arriving by train-rather than a more polluting plane-to Davos on Wednesday was Greta Thunberg, the Swedish 16-year-old who has galvanised protests by high-schoolers in Europe, Japan and the United States demanding stronger government action to fight global warming.

Thunberg grabbed the headlines with a fiery speech before world leaders at last month's COP24 climate talks in Poland.

In a video message posted on Twitter, she looking poised to unleash a similar message in Davos with a call on "companies and decision-makers into real and bold climate action."

"I don't believe for one second that you will rise to that challenge, but I want to ask you all the same," she said.

U2 frontman Bono, a Davos regular, provided his usual dose of rock-n-roll rebellion to the forum's jet set.

"Capitalism is not immoral, it's amoral," the singer told a panel.

"It's a wild beast and if not tamed, it can chew up a lot of people along the way," he said.

Political top billing on the WEF stage was going to Chinese Vice President Wang Qishan, who is tasked with negotiating a truce in the US-China trade war.

The annual conference in the Alpine ski resort was originally expected to see the two sides meet, but the White House cancelled the US delegation's trip due to the government shutdown in Washington.

Beyond the trade war, Davos-goers are also concerned about the economic slowdown in China.

Economic experts predict growth of about six percent in China for 2019, which is still relatively strong, but below the country's stellar rates of recent years.


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