Chinese Vice Premier He Lifeng's keynote address at the 2026 World Economic Forum in Davos struck a chord with global delegates seeking stability in an era of escalating trade tensions and geopolitical fragmentation. Speaking on January 21, He outlined China's vision for reinforcing multilateral frameworks while addressing contemporary economic challenges head-on.
Commitment to Open Markets
He emphasized China's unwavering support for free trade, declaring: "The international community must firmly support free trade and promote universally beneficial globalization." This stance comes as protectionist measures surge globally, with the Chinese leader cautioning against tariff wars that "ultimately have no winners."
Rejecting the 'Law of the Jungle'
The vice premier warned against power-dominated international relations, advocating instead for rule-based equality. "Everyone should be equal before the rules," he asserted, positioning China as a defender of predictable global governance. This principle gains urgency as debates over market access strain traditional alliances.
From Factory to Global Marketplace
He highlighted China's evolving economic role, pledging to transform the nation into both a manufacturing hub and a premier destination for global goods. "China is ready to expand imports and open its market more vigorously," he stated, signaling opportunities for international businesses amid the country's consumption-driven growth.
Diplomacy Over Confrontation
The address stressed dialogue as the preferred mechanism for resolving systemic differences between nations. With multiple global crises requiring coordinated responses, He positioned multilateral institutions like the WTO as essential tools for managing disputes and fostering cooperation.
Analysts observe that China's Davos messaging aligns with its domestic economic priorities while offering reassurance to international partners. As the world navigates complex interdependencies, He's call for "shared solutions through equal consultation" provides a framework for addressing 2026's most pressing challenges.
