China does not pursue a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday. Addressing the 55th annual World Economic Forum meeting in Davos,

Chinese Vice Premier Ding Xuexiang met with global finance and business leaders including Blackstone CEO Steve Schwarzman, Bridgewater Associates founder Ray Dalio and JPMorgan CEO Jamie Dimon during a private lunch in Davos on Tuesday.

Chinese Vice Premier Ding Xuexiang warned of “no winners” in a trade war during a speech Tuesday during the World Economic Forum in Davos, Switzerland.

Vice-premier expected to address concerns about Chinese economy and share foreign policy priorities at World Economic Forum in Switzerland.

Although he stopped short of directly addressing Trump's vow to impose hefty tariffs against China, Vice Premier Ding warned that a trade war has no winners.

China is not seeking a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

China emphasizes an open economic approach, aiming to import high-quality products, reduce trade surplus, and invite foreign investment. Ding Xuexiang stresses multilateralism as essential for global peace and development during the World Economic Forum amid US tariff concerns.

China's vice-premier warned that the development of artificial intelligence could pose a major risk if it is not carefully managed, amid a rivalry with the US that has seen the emerging technology take centre stage.

DAVOS, Switzerland -- Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a special address at the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. The following is the full text of the speech entitled "Keeping to the Right Path of Multilateralism and Promoting Open and Inclusive Development":

China is not aiming for a trade surplus and wants to import more high-quality goods to balance international trade, according to Vice Premier Ding Xuexiang. At the World Economic Forum, Ding emphasized that global trade benefits everyone and criticized protectionism,

Chinese Vice Premier Ding Xuexiang also a member of the Standing Committee of the Political Bureau of the Communist