American leader touts 'very good' relationship with Xi Jinping amid 'massive' trade deficits with Beijing In his first speech at the World Economic Forum of his second term, US President Donald Trump voiced optimism about Sino-American relations while warning of tariffs on companies that do not manufacture stateside.

In his speech at the World Economic Forum Annual Meeting in Davos, Switzerland, on Tuesday, Vice-Premier Ding Xuexiang highlighted the constancy of China's commitment to multilateralism by recalling a similar message that President Xi delivered to the same event eight years ago.

The president of the World Economic Forum (WEF) expressed optimism about China's economic prospects, citing the country's strong resilience and medium- to long-term potential, during an interview in Davos,

Chinese Vice Premier Ding Xuexiang said China will expand its imports, hours after US President Donald <a target=

Beijing's digital economy experienced significant growth in 2024, with added value expanding to 2 trillion yuan ($278 billion), a 7.5% increase from the previous year, according to Liu Weiliang, deputy head of the Beijing Municipal Bureau of Economy and Information Technology.

His comments during an interview to CNBC at the World Economic Forum in Davos, Switzerland, come just days after Donald Trump became U.S. President and threatened to deliver fresh tariffs against imports from China and the European Union.

In fact, to address pressing global challenges, Xi has put forward the vision of building a community with a shared future for mankind, advocated high-quality Belt and Road cooperation, and proposed the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative.

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DAVOS, Switzerland – Chinese Vice-Premier Ding Xuexiang met global finance and business leaders, including Blackstone chief executive Steve Schwarzman, Bridgewater Associates founder Ray Dalio and JPMorgan Chase CEO Jamie Dimon, during a private lunch in Davos on Jan 21.

Chinese Vice Premier Ding Xuexiang warned of “no winners” in a trade war during a speech Tuesday during the World Economic Forum in Davos, Switzerland.

Ding Xuexiang also tells Davos that Beijing isn’t pursuing a trade surplus and there are ‘no winners in a trade war’.