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.

Chinese Foreign Minister Wang Yi spoke with new U.S. Secretary of State Marco Rubio on Friday and Beijing said he 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.

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":

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.

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,

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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.

In the first high-level interaction between the United States and China since President Donald Trump assumed office, Beijing emphasised the need to foster cooperation and effectively

DeepSeek-R1, a new reasoning model made by Chinese researchers, completes tasks with a comparable proficiency to OpenAI's o1 at a fraction of the cost.

Fareed Zakaria said that China's economy is not going to grow any time at the six, seven, eight percent that it was growing at previously.