From China’s R&D growth passing US$496 billion to a planned Harry Potter park, here’s a round-up from today’s China and economy coverage.

U.S. Secretary of State Marco Rubio spoke with China's Foreign Minister Wang Yi by phone on Friday, China's foreign ministry said, the first call between the two top diplomats since President Donald Trump's administration took office on Monday.

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.

During his virtual remarks to the World Economic Forum today, President Trump discussed the relationship between China and the United States and where he sees it going over the next four years.

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":

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,

Latest stories about World Economic Forum on Business Insider

China welcomes the intentions of the Donald Trump administration to end the "Ukraine crisis" as soon as possible and stands ready to maintain contact with the United States on the issue, considering dialogue and negotiations as the only way to resolve the conflict.

WASHINGTON - China's Foreign Minister Wang Yi spoke with new U.S. Secretary of State Marco Rubio on Friday and told the known China hawk that the direction and tone of U.S.-China ties had been set by their leaders and he hoped Rubio would play a constructive role for the good of the people of both countries.

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.