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China's stable growth a strong impetus for global economy, vice premier says

ReutersJan 21, 2025 11:03 AM

- The stable and healthy development of China's economy will provide strong impetus for global economic development, Ding Xuexiang, the country's vice premier, said on Tuesday.

Economic globalisation is not a zero-sum game, but a process of mutual benefit and shared progress, Ding said at the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland.

"Protectionism leads to nowhere, and there are no winners in a trade war," Ding said, calling multilateralism "the right path for maintaining world peace and promoting human development."

His remarks came after Trump's inauguration for a second term on Jan. 20, which marks the beginning of the 55th annual WEF meeting of global political and business leaders in the Swiss mountain resort.

(Reporting by Julie Zhu and Beijing Newsroom
Editing by Bernadette Baum)

((yukun.zhang@thomsonreuters.com;))

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