In a rarity for Chinese leaders, Premier Li Keqiang will attend the annual meeting of the World Economic Forum (WEF) in Davos later this week, joining 40 other heads of state and government including François Hollande and Angela Merkel.
This is the first time a Chinese leader is attending WEF Davos in five years, according to state-run Xinhua news agency. Li last attended the annual meeting as a vice premier in 2010.
"The [Chinese] new president is sufficiently well-established now, so it's appropriate for the prime minister to attend a gathering that sets the agenda for the business year – a year in which the fall in oil prices and the slowing of growth create great uncertainties," Colin Chapman, founder and editor-in-chief of think-tank Australian and ASEAN Strategies, told CNBC.
Also, with China hosting its own "Summer Davos" held in September, top level contact is essential in order to ensure attendance by political and business leaders. The Summer Davos is held annually in either Tianjin or Dalian.
The world's movers and shakers will meet in the Swiss Ski resort town over January 21-24, to discuss the main economic and social challenges in the "New Global Context."