Chinese Vice Premier Ding Xuexiang delivered remarks at the World Economic Forum annual meeting in Davos, representing China's position on global trade, multilateralism, and economic cooperation.

The speech emphasized China's commitment to free trade and multilateralism, referencing President Xi Jinping's previous Davos appearances and key global initiatives including development, security, civilization, and governance frameworks.

Ding outlined China's economic achievements over the past five years and future development plans, positioning China as a partner rather than rival in global economic growth and addressing concerns about trade tensions and protectionism.

China's Defense of Free Trade Against Rising Protectionism

"Tariff and trade wars have no winners. Beyond driving up costs for production and trade, they fragment the world economy and disrupt the global distribution of resources" - Ding

WTO data reveals the share of global trade under most favored nation terms has dropped from 80% to 72% since the beginning of last year due to trade conflicts

The IMF estimates that economic fragmentation can reduce global economic output by about 7%, demonstrating that protectionism serves no country's interest

"China advocates a universally beneficial and inclusive economic globalization. We are committed to building bridges, not walls" - Ding

Multilateral Trading System Under Unprecedented Pressure

"The multilateral trading system now faces the most serious challenges in years" with unilateral acts clearly violating WTO principles - Ding

China announced it will not seek new special and differential treatment in current and future WTO negotiations, demonstrating commitment to equal rules

"The rules must apply equally to everyone. A handful of countries should not enjoy privileges based on their strength" - Ding

China supports WTO and IMF reforms to enhance authority, effectiveness, and increase representation of the global south and developing countries

China's Economic Performance and Future Development Plans

China's economy has expanded to 140 trillion RMB with an average annual growth rate of around 5.4% over the past five years

Over the past five years, China imported over $15 trillion worth of goods and services, with overseas investment generating over $300 billion in tax revenue

"China's development has been achieved mainly through reform, opening up and innovation rather than so-called government subsidies" - Ding

China will focus on domestic circulation as the mainstay while reinforcing domestic and international circulations, tapping into its 1.4 billion person market potential

Expanding Domestic Demand and Market Access Opportunities

China is the world's second largest consumer market and already the largest in segments like automobiles, mobile phones, and home appliances

Per capita consumer spending remains below developed economies, indicating immense potential as the middle income group continues growing

"We hope to be the world's market, too. However, in many cases when China wants to buy, others don't want to sell" - Ding

China will continue hosting events like the China International Import Expo to encourage more quality global products to enter the Chinese market

Green Development and Climate Commitments

President Xi Jinping announced China's 2035 nationally determined contributions with the first absolute emissions reduction target at the UN climate summit

China has built the world's largest renewable energy system and most complete new energy industrial chain

China aims to achieve carbon peaking before 2030 and carbon neutrality before 2060 through comprehensive emissions control

China invites global enterprises to embrace green and low-carbon transition opportunities in areas like green infrastructure, energy, minerals, and finance

Managing US-China Trade Relations Through Dialogue

Chinese and US teams conducted five rounds of consultation on economic trade issues following principles of mutual respect, peaceful coexistence, and win-win cooperation

"China and the United States will gain from cooperation and lose from confrontation and that they should and can help each other succeed and prosper together" - Ding

"As long as the two sides engage in equal footed consultation and work in the same direction, there will always be more solutions than problems" - Ding

"China is a trading partner, not a rival for other countries. And China's development presents an opportunity, not a threat to the world's economy" - Ding