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.

It's that time of year when the great and good gather for the annual World Economic Forum in Davos, Switzerland. But who's skipping the event is more telling.

China is not aiming for a trade surplus and wants to import more high-quality goods to balance international trade, according to Vice Premier Ding Xuexiang. At the World Economic Forum, Ding emphasized that global trade benefits everyone and criticized protectionism,

Ding Xuexiang told the World Economic Forum that a 'tug of war' was underway between supporters and opponents of economic globalization.

Vice Premier Ding Xuexiang warned on Tuesday that no country would emerge victorious from a trade war, in a speech to the World Economic Forum in

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

Chinese Vice-Premier Ding Xuexiang will deliver a speech at the World Economic Forum in Davos, Switzerland on Tuesday, making him the first senior leader from China to address global concerns about the country's economic prospects and foreign policy priorities since Donald Trump kicked off his second term as US president.

China takes centre stage at Davos. Vice-premier Ding Xuexiang warns against green trade barriers and addresses concern over an imminent tariff war as US president Donald Trump kicked off his second term.

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.

Since it came into effect in 2013, the Sino-Swiss FTA has played a positive role in promoting bilateral trade, and enterprises in both countries have greatly benefited from it. China is now Switzerland's third-largest trading partner, while Switzerland is China's sixth-largest in Europe.

Dutch Prime Minister Dick Schoof held "critical conversations" with visiting Chinese Vice Premier Ding Xuexiang, he said on Friday, including discussions on human rights and on semiconductor equipment supplier ASML .