China has called for stronger cooperation and dialogue in the global economy, warning that trade and tariff wars only hurt all sides. The message came from China’s Vice-Premier He Lifeng at the World Economic Forum meeting in Davos.
Speaking in a special address on Tuesday, He said China remains committed to opening its economy further. He said the country will "open its door wider to the world" and welcome more global participation.
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‘Trade and tariff wars have no winners’
He stressed that protectionism is not the answer to today’s economic challenges. According to him, trade barriers only slow growth and damage trust among nations.
"Trade and tariff wars have no winners," He said, urging countries to avoid confrontation and focus on cooperation.
In a special address here at the World Economic Forum Annual Meeting, China's Vice-Premier He Lifeng said, "China will open its door wider to the world."
"While economic globalisation is not perfect, countries cannot completely reject it and retreat to self-isolation," Lifeng also said.
Commitment to globalisation and market opening
He spoke about the need for dialogue in a world facing economic uncertainty. Rising tensions, slow growth, and policy conflicts, he said, demand calm talks and shared solutions and warned against countries turning inward.
He argued that globalisation has lifted millions out of poverty and driven growth across regions. Abandoning it would only deepen inequality and slow progress.
China, he said, wants to play a constructive role in the global system. It plans to expand its market and create more opportunities for foreign businesses. He said the services sector will be a key focus. China plans to open this area further to global companies, including finance, healthcare, tourism, and digital services.
This move, he said, will create jobs, raise quality, and give consumers more choices. It will also help foreign firms tap into China’s large and growing market.
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China’s economic priorities
He also spoke about China’s economic priorities for 2026. He said boosting domestic demand will be at the top of the agenda. China plans to raise consumption by improving incomes, supporting urban jobs, and strengthening social security. This is aimed at making growth more balanced.
At the same time, China will maintain its strong production base. He said the country will continue to invest in manufacturing, technology, and infrastructure. His comments come at a time of rising trade tensions across the world. Many countries are using tariffs and controls to protect local industries. At Davos, leaders are debating how to revive growth without deepening divisions.
