At the World Economic Forum Annual Meeting 2025 in Davos, Switzerland, on Tuesday, Chinese Vice Premier Ding Xuexiang delivered a compelling speech urging the global community to embrace multilateralism and foster open, inclusive development. Addressing an audience of international leaders and thinkers, Ding highlighted the unprecedented changes sweeping across the world and emphasized the critical crossroads at which humanity now stands.
\"We should firm up confidence, uphold solidarity and cooperation, and forge ahead hand in hand, despite high winds and choppy waters, to build a community with a shared future for mankind,\" Ding declared. \"We should provide more stability and certainty for the world, and build a just world of common development.\"
Four Recommendations to Promote Globalization
Vice Premier Ding outlined four key recommendations to steer globalization towards a more equitable and sustainable future:
- Promoting Universally Beneficial Economic Globalization: Ding called for efforts to ensure that economic globalization benefits all nations. \"We should not only make the pie of economic globalization bigger but also distribute it better,\" he asserted. He urged for win-win solutions derived from mutual cooperation and communication.
- Upholding True Multilateralism: Emphasizing the importance of a United Nations-centered international system, Ding advocated for equal rights, opportunities, and rules for all countries. He called for an open, inclusive, and non-discriminatory environment for international economic cooperation.
- Fostering New Drivers of Global Economic Development: Ding stressed the need to enhance connectivity in the digital age and promote international cooperation in scientific and technological innovation. He encouraged leveraging advancements for the benefit of all humanity and helping more countries to accelerate their digital economic development.
- Jointly Tackling Global Challenges: Ding urged collective action to address pressing global issues such as climate change and food and energy security. He highlighted the importance of advancing initiatives like the Global Development Initiative, Global Security Initiative, and Global Civilization Initiative proposed by China to overcome difficulties and challenges.
Three Trends Shaping China's Economy
Vice Premier Ding also shared insights into significant trends influencing China's economic landscape:
- Advancing High-Quality Development: Ding noted that China is making solid progress in high-quality development, with a significant shift from traditional growth drivers to new ones. He mentioned that emerging industries are booming, and new productive forces are rapidly taking shape. China plans to intensify macroeconomic policies this year, adopting a more proactive fiscal policy and an appropriately accommodative monetary policy to achieve higher-quality economic growth.
- Accelerating Green and Low-Carbon Transition: Highlighting China's commitment to environmental sustainability, Ding stated that the country has built the world's largest and most complete new energy industrial chain. \"No matter how the international landscape may evolve, China's determination and action for proactive climate response will not change,\" he affirmed.
- Elevating Reform and Opening-Up: Ding emphasized that China's reform and opening-up are reaching new heights. \"China's door of opening up will not be closed and will only open even wider, and the business environment in China will only get better,\" he stated. He warmly welcomed foreign enterprises to invest and do business in China, inviting them to share in the country's opportunities.
As the world navigates complex challenges, Vice Premier Ding's address at Davos underscores China's commitment to collaborative solutions and global prosperity.
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Key takeaways from Vice Premier Ding Xuexiang's speech at Davos
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