On January 20 in Davos, within the framework of the World Economic Forum (WEF), He Lifeng, Vice Premier of China, presented the country’s key economic messages, centered on expanding open markets, deepening multilateral cooperation, and supporting sustainable global economic growth.
The World Economic Forum (WEF) is an international non-profit organization that annually convenes government leaders, senior officials from international organizations, as well as representatives of the business community and academic circles, to engage in dialogue on pressing global economic and political issues.
In his special address, He Lifeng stated that China will continue to advance the opening-up of its economy and further improve market access for foreign businesses. According to him, the country will pursue a policy of high-level openness, enhance alignment with international standards, and ensure equal conditions and competitive business environment for both domestic and foreign enterprises.
The Vice Premier emphasized that China’s development “does not pose a threat, but rather represents an opportunity” for the global economy. He noted that Beijing stands ready to expand imports, a step that would creat broader economic opportunities for international partners and contribute to balanced global growth.
He Lifeng also addressed the challenges confronting the global economy, stressing that dialogue and cooperation are essential alternatives to protectionism and economic isolation, and remain among the key prerequisites for maintaining global economic stability.
Within the same forum, other leaders also addressed issues related to China’s role in the global economy. In particular, French President Emmanuel Macron stated in his address in Davos that global economic competition requires clear rules and fair frameworks in order for the international economic system to remain stable and predictable.
In this context, he referred to China as one of the key actors in the global economy and spoke more broadly about risks that may arise in international markets as a result of state support and industrial policies. According to Macron, such factors can affect the fairness of competition and create additional pressure on European industries, highlighting the need for clearer and more consistently applied international economic rules.
The French president also stressed that the response to global economic challenges should not be confrontation, but policies based on dialogue, cooperation, and rules-based international frameworks, which he described as essential for ensuring fair and predictable global economic relations.
At the same forum, Børge Brende, the President and CEO of the World Economic Forum, emphasized that in conditions of global uncertainty, “dialogue is not a luxury in times of uncertainty, it is a necessity”. He underscored the importance of cooperation in the face of economic fragmentation and geopolitical tensions.
Meanwhile, according to information released by the World Economic Forum, the Davos meeting will be held from January 20 to 24 and is expected to bring together up to 3,000 participants from 130 countries and international organizations.
Source:
China Global Television Network
Author: Mariam Simsive
