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:
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.\"
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.
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.
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.
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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.
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.\"
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.
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.
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.
With 300+ new reforms planned by 2029, China aims to cement its role as a global growth engine.
