Global unity stressed at Davos
2 months, 1 week ago

Global unity stressed at Davos

China Daily  

Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a special address at the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. "If the world becomes divided, it will be difficult for humanity to address common challenges together, and the world could relapse into confrontation and even wars, and no country could remain unaffected," Ding said on Tuesday during the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. Ding's appearance at the Davos event made him the first senior leader from China to address global concerns about the country's economic prospects and foreign policy priorities since US President Donald Trump assumed office for his nonconsecutive second term on Monday. While highlighting the importance of leveraging artificial intelligence and emerging technologies to bridge global divides and drive inclusive, sustainable economic growth, Ding called for improving global governance on AI development to ensure that AI becomes an "Ali Baba's cave" filled with treasure, rather than a "Pandora's box" of uncontrollable risk. China will further intensify macro policies, and adopt a more proactive fiscal policy and an appropriately accommodative monetary policy, Ding said, adding that the country will promote the sound and stable development of the capital market, stabilize the real estate market, and effectively prevent and defuse local government debt risks to effectively pursue higher-quality economic growth.

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