Chinese Vice Premier Ding Xuexiang took center stage at the World Economic Forum Annual Meeting 2025 in Davos this week, delivering a powerful address advocating for global cooperation, sustainable development, and inclusive economic policies. 🌐💡 His speech, titled \"Keeping to the Right Path of Multilateralism and Promoting Open and Inclusive Development,\" resonated with themes of unity amid accelerating global challenges.
4 Key Takeaways from Ding’s Speech:
1️⃣ Economic Globalization 2.0: Ding emphasized that globalization isn’t a zero-sum game, citing a 32% rise in middle- and low-income countries’ global export share since 1995. 🚢💼 He urged nations to resist protectionism, calling it \"locking oneself in a dark room.\"
2️⃣ Tech-Driven Future: With AI, quantum tech, and green energy reshaping industries, Ding highlighted the need to bridge the North-South tech divide. 🤖⚡ He proposed international collaboration on smart infrastructure and digital access.
3️⃣ Climate Action Now: China’s green transition stole the spotlight: 70% of global solar panels and 60% of wind turbines are now Chinese-made. 🌱♻️ Ding vowed to uphold carbon neutrality goals while boosting the economy.
4️⃣ China’s Open Door: Addressing foreign investors directly, Ding noted China’s manufacturing sector is now fully open to overseas capital, with tariffs at a historic low of 7.3%. 🇨🇳🚪 \"Our business environment will only get better,\" he pledged.
China’s Economic Roadmap 🚀
Ding shared updates on China’s 5% GDP growth in 2024, driven by tech innovation and reforms. Highlighting a company turning plastic bottles into clothing, he framed sustainability as both eco-friendly and profitable. 💰🌏
\"We’re not just making the economic pie bigger,\" Ding declared, \"we’re ensuring it’s shared fairly.\" 🍰⚖️ With 300+ new reforms planned by 2029, China aims to cement its role as a global growth engine.
