China’s WEF pitch gains traction among middle powers (Full Transcript)

[00:00:00] Speaker 1: The middle powers must act together because if we're not at the table, we're on the menu. That came from the leader of what was one of America's closest allies, Canada. As President Trump threatens to take over Greenland and potentially Canada, we see China positioning itself as a huge contrast to the U.S. on the global stage. China's goal at the World Economic Forum is strategic. Beijing is aiming to calm global markets, showcasing its role in defending trade, multilateralism, and stability without having to confront the United States. And that pitch may be working, as we saw Canadian Prime Minister Mark Carney agree to a new strategic partnership with Beijing, and that involves tearing down tariff barriers that prevented Chinese EVs from being sold in Canada. British Prime Minister Keir Starmer is also re-engaging with China, greenlighting a long-stalled request from Beijing to build a so-called mega-embassy in the centre of London ahead of an expected visit to China. But some critics say the embrace of China from the West remains reluctant or even hesitant. The EU is moving away from Chinese telecom giants Huawei and ZTE over security concerns, not to mention tensions over Taiwan are one of the biggest potential threats to global economic stability. And China's close ties to Moscow continue to undermine Beijing's neutrality claims as Russia's war in Ukraine grinds on.