China's He Lifeng Addresses Davos on Trade, Global Stability

China's Approach to Global Cooperation

• 💡 China advocates for equality, respect, and mutual benefit, resolving disputes through dialogue and consultation rather than confrontation.
• 🤝 Emphasizes that China is a trading partner, not a rival, and its development offers an opportunity, not a threat, to the global economy.

Economic Progress and Resilience

• 📈 Over the past five years, the Chinese economy has seen steady progress, growing at an average of 5.4% annually and contributing approximately 30% to global economic growth.
• 💰 Its development is primarily driven by reform, opening up, and innovation, rather than government subsidies, demonstrating strong resilience and potential.

Expanding Domestic Demand

• 🛍️ China is actively working to expand domestic demand, aiming to become a consumption powerhouse by boosting consumer spending and income for its 1.4 billion people.
• 🚀 With a growing middle-income group, there is immense potential for increased consumption, especially in areas like automobiles, mobile phones, and home appliances.

Commitment to Opening Up and Investment

• 🌐 China will steadfastly expand opening up, aligning with high-standard international economic and trade rules and expanding market access, particularly in the service sector.
• ✅ It aims to foster a market-oriented, law-based, and world-class business environment, ensuring equal treatment for domestic and foreign enterprises and welcoming foreign investment.

Innovation and Green Development

• 🔬 The nation is accelerating sci-tech innovation, recognizing it as an essential engine for high-quality economic development and Chinese modernization.
• 🌱 China is committed to green development, aiming for carbon peaking before 2030 and carbon neutrality before 2060, and invites global cooperation in green infrastructure, energy, and finance.