China will further intensify macro policies, continue high-quality development, effectively pursue higher-quality economic growth and appropriately increase economic output, and inject strong and sustained impetus to global economic development, Chinese Foreign Ministry spokesperson Mao Ning said at a regular press conference in Beijing on January 22.

Mao Ning, Chinese Foreign Ministry Spokesperson/MFA PRC

The World Economic Forum (WEF) Annual Meeting 2025 is being held in Davos, Switzerland. The WEF is an important platform for discussions of global economic issues. In terms of China's propositions, Mao said that Member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council Ding Xuexiang delivered a special address at the World Economic Forum Annual Meeting. He shared four observations: first, jointly promote a universally beneficial and inclusive economic globalization; second, jointly uphold and practice true multilateralism; third, jointly foster new drivers and strengths for global economic development; fourth, jointly tackle major global challenges such as climate change, food security and energy security.

Mao further noted that Vice Premier Ding Xuexiang stressed that economic globalization is an inherent requirement for the development of productive forces, and an inevitable result of technological advancement. It is not a "you-lose-I-win" zero-sum game, but a universally beneficial process where all can benefit and win together. Protectionism leads nowhere. Trade war has no winners. It's important to tackle the development challenges with universal benefit, and pool strengths with inclusive cooperation, so as to usher in a new phase of economic globalization that is more dynamic, more inclusive and more sustainable.

"We need to find a win-win and all-win solution, one that is based on mutually beneficial cooperation, and not only make the pie of economic globalization bigger, but also distribute it better." Mao added.

Mao also said that Vice Premier Ding Xuexiang gave an overview of China's economy. He shared three major trends that characterize the Chinese economy: first, high-quality development is making solid progress; second, green and low-carbon transition is accelerating across the board; third, reform and opening up is moving up to a higher level. (By Ma Ziqian/China Youth Daily)