Donald Trump’s second term in office is getting off to a good start for China.

During the World Economic Forum in Davos, Switzerland, China's Vice Premier Xuexiang Ding stated that there are "no winners" in a trade war while acknowledging the numerous difficulties and challenges currently facing the Chinese economy.

People shop for Spring Festival ornaments and decorations at a market in Nanjing, East China's Jiangsu Province on January 25, 2025. The 2025 Spring Festival will fall on January

DAVOS, Switzerland -- Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a special address at the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. The following is the full text of the speech entitled "Keeping to the Right Path of Multilateralism and Promoting Open and Inclusive Development":

China is not seeking a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

At the World Economic Forum 2025, leaders tackled major global issues, including AI regulation, environmental initiatives, and regional integration. Highlights included Africa's launch of a massive forest reserve,

President Donald Trump called on the Organization of the Petroleum Exporting Countries to lower oil prices during the World Economic Forum on Thursday, saying it would immediately end the war in Ukraine.

China does not seek trade surpluses, a top official told the World Economic Forum Tuesday as the next round of U.S. tariffs looms.

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António Guterres, the United Nations secretary-general, has been one of the highest-profile advocates for the fight against climate change. That effort has been rattled by promises by U.S. President Donald Trump to “ drill, baby, drill ” and expand fossil-fuel production in the world's largest economy.

The World Economic Forum, colloquially called "Davos" after the location at which it's hosted in the Swiss mountains, is a yearly meeting of elites.