China calls for 'win-win' solution to trade tensions
Published On Jan 21, 2025, 12:20 PM
China's Vice Premier Ding Xuexiang has called for a cooperative approach to trade tensions at the World Economic Forum, emphasizing a desire for a 'win-win' solution. He warned against protectionism and highlighted China's aim to increase imports and balance trade. He noted previous U.S.-China agreements remain unfulfilled, but China is seeking to improve foreign investment and stimulate domestic consumption. Ding believes that economic globalization should be mutually beneficial rather than a competitive struggle.
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The positive stance from China regarding trade and imports could boost sentiments in global markets, especially in sectors reliant on trade with China. If China's commitments materialize, it may benefit companies that supply goods and services to China.
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