The China Story
at your Fingertips
OPEN
In a speech he delivered at this year's World Economic Forum Annual Meeting in Davos last week, Vice-Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, reiterated China's support for economic globalization, and its resolve to continue to uphold multilateralism. Such a stance, as well as the promise that "China's door of opening up will not be closed and will only open even wider" has injected certainty to boost the stability of the world at a time when the protectionist policies being adopted by the world's largest economy are expected to bring more uncertainties to trade, technology and the geopolitical landscape worldwide.
That's where China and Europe have common ground to strengthen their relations. It is the responsibility they have shared to uphold the global free trade system and other forms of multilateral cooperation that has continuously injected vitality into China-Europe ties.
Ding's visit to Switzerland and the Netherlands from Jan 19 to 24, therefore, marks a good start for the mutually beneficial relations between China and Europe this year.
DAVOS, Switzerland -- The World Economic Forum (WEF) concluded its annual meeting here on Friday, calling for increased cooperation in the face of global challenges and uncertainty.
Amid ongoing conflicts, economic instability, and rapid technological advancements, the WEF Annual Meeting 2025 served as a crucial platform for fostering dialogue, encouraging collaboration, and driving sustainable solutions to shared global challenges.
The World Economic Forum concluded its annual meeting on Friday. The meeting, under the theme "Collaboration for the Intelligent Age," focused on five pivotal areas: reimagining growth, industries in the intelligent age, investing in people, safeguarding the planet, and rebuilding trust. Some topics have frequently appeared in media reports and meeting discussions, becoming the keys to understanding the current development. Here's some keywords you need to know.
Business leaders of Chinese new energy companies, including CATL, Envision, and Trina Solar, called for a green transition of the world economy, emphasizing the diffusion of technology and supply chains will not only contribute to combating climate change but also bring inclusive growth.
They made the remarks at the annual meeting of the World Economic Forum in Davos, Switzerland, this week, which was overshadowed by rising protectionism and the retreat of the United States from the Paris Agreement again.
Scientific and technological innovation and artificial intelligence have become new growth points in the world economy. To that effect, promoting intelligence-related industries is one of the focal points of discussions at the 2025 World Economic Forum Annual Meeting.
On the theme, "Collaboration for the Intelligent Age", the meeting has been held from Jan 20 to 24 in Davos, Switzerland with nearly 3,000 leaders from governments, businesses and academia across 130 countries and regions convening at the meeting.
DAVOS, Switzerland - Domestic market consumption, manufacturing development, and green transition are poised to become key drivers of China's sustained economic growth in the coming years, said a former senior official of the International Monetary Fund (IMF).
Chinese economy is undergoing a structural transformation, with its growth sources and patterns shifting, Zhu Min, former deputy managing director of the IMF, told Xinhua during the World Economic Forum (WEF) Annual Meeting, which began on Monday.
Business leaders of major multinationals lauded Shanghai's business environment and opening-up measures, casting a vote of confidence in China's economic growth during the World Economic Forum Annual Meeting 2025 this week in Davos, Switzerland.
They made the comments while attending a reception on Tuesday hosted by Shanghai Mayor Gong Zheng, who has led a delegation to Davos and discussed a wide range of topics with many business leaders, including the further development of Shanghai's business environment.
At a panel discussion on tariffs during the World Economic Forum in Davos, EU Commissioner Valdis Dombrovskis said that the United States’problem is not poverty but income inequality. He noted that the US is already one of the fastest-growing advanced economies, and many of its challenges stem from excessive income inequality.
At the World Economic Forum's annual meeting 2025 in Davos, Switzerland, China Daily spoke exclusively with Joe Ngai, chairman of McKinsey & Co in Greater China. He said that Chinese companies should think about how to truly become a sophisticated global citizen, contributing to economic development worldwide, and bringing not only better products, but also a better life.
Vice-Premier Ding Xuexiang has warned of "unimaginable" consequences if the world becomes divided, and he emphasized the need for the international community to work together to oppose a Cold War mentality and zero-sum game, and build a more equitable international order.
"If the world becomes divided, it will be difficult for humanity to address common challenges together, and the world could relapse into confrontation and even wars, and no country could remain unaffected," Ding said on Tuesday during the World Economic Forum Annual Meeting 2025 in Davos, Switzerland.
BERN, Switzerland -- Chinese Vice-Premier Ding Xuexiang met with Swiss officials on Monday and Tuesday, and the two sides agreed to further promote their innovative strategic partnership.
Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, met with Karin Keller-Sutter, president of the Swiss Confederation and head of the Federal Department of Finance, and held talks with Guy Parmelin, vice president of the Federal Council and head of the Federal Department of Economic Affairs, Education and Research, on the sidelines of the World Economic Forum (WEF) Annual Meeting 2025.
Ding said that Switzerland is one of the first Western countries to recognize and establish diplomatic relations with the People's Republic of China, adding that their bilateral relationship has exemplified mutual respect and win-win cooperation between countries with different social systems, development stages, and sizes.
Vice-Premier Ding Xuexiang warned on Tuesday of "horrible" consequences if the world becomes divided and emphasized the need for the international community to work together to oppose a Cold War mentality and zero-sum game and build a more equitable international order.
Ding made the remarks in response to a question from Klaus Schwab, founder of the World Economic Forum, about global governance at the WEF Annual Meeting 2025 in Davos, Switzerland.
Vice-Premier Ding Xuexiang has called for the improvement of global governance on Artificial Intelligence to ensure it replicates "Ali Baba's cave" filled with treasure, rather than "Pandora's box" of uncontrollable risks.
Ding made the remarks on Tuesday in response to questions from Klaus Schwab, founder of the World Economic Forum, at the WEF Annual Meeting 2025 in Davos, Switzerland.
Ding highlighted the dual nature of AI, saying that while it has huge potential for development, it also presents serious risks if not carefully managed.
The Tianjin municipal government hosted the "Tianjin Night" reception at the hall of the World Economic Forum Conference Center in Davos, Switzerland, on the evening of Jan 21, 2025. Guests attending the World Economic Forum Annual Meeting 2025 attended the event to welcome the upcoming Chinese New Year.
Tianjin is the host city of this year's annual meeting of the New Champions of the World Economic Forum, also known as the Summer Davos Forum, which will be held in late June, and its preparation is underway smoothly.
DAVOS, Switzerland -- Measured by market size and growth rate, China is still full of opportunities and worthy of investment by global companies, said Joe Ngai, chairman of McKinsey & Company in Greater China, a worldwide management consulting firm.
Ngai reiterated his confidence in the fundamentals of the Chinese economy in an interview with Xinhua on the sidelines of the ongoing World Economic Forum (WEF) annual meeting in the Swiss Alpine town of Davos.
DAVOS, Switzerland -- China continues to be a steadfast force in advancing multilateral economic and trade cooperation worldwide, said Patrick Tsang, chief executive officer of Deloitte China, emphasizing the country's significant contributions to global trade, investment, and the green and digital economy.
"China has consistently unleashed domestic demand and created opportunities for global goods and services," Tsang noted in an interview during the annual meeting of the World Economic Forum (WEF), which began on Monday.
He highlighted the evolution of China's imports, which now encompass a wide range of products, from cosmetics and health items to virtually every category of goods. Furthermore, China has been actively attracting foreign investment in high-tech sectors while boosting outbound investments to enhance global capital flows and economic development.
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":
DAVOS, Switzerland -- Chinese Vice-Premier Ding Xuexiang delivered a speech at the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland, on Tuesday, urging the global community to uphold multilateralism and promote open and inclusive development.
Ding recalled that eight years ago, in the same venue, Chinese President Xi Jinping delivered an important speech, sending a resounding message that China would support economic globalization, uphold and practice multilateralism, and join the effort to make the world a better place, offering clear answers to the questions of how to improve global governance and build a community with a shared future for mankind, and providing important guidance to the international community.
DAVOS, SWITZERLAND -- In addition to significant achievements in AI technology and industry, China has made positive contributions to the global governance of AI, said a senior official of the World Economic Forum (WEF).
On the theme of "Collaboration for the Intelligent Age", the 2025 World Economic Forum Annual Meeting kicked off on Monday in Davos, Switzerland.
Collaboration is essential for innovation in fast-moving tech sectors like electric vehicles, as boundaries between sectors are becoming more fluid, said Kang Bo, vice-president of Chinese NEV maker Seres.
"By sharing resources and expertise, companies can create smarter and more advanced products," said Kang ahead of the World Economic Forum's 2025 Annual Meeting, which kicked off on Monday in Davos, Switzerland.
