A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence, and appearances by leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum's annual event in Davos on Wednesday.

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.

China's Vice-Premier Ding Xuexiang at the 55th annual World Economic Forum meeting in Davos, Switzerland, January 21, 2025. REUTERS/Yves Herman China does not pursue 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.

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 does not seek trade surpluses, a top official told the World Economic Forum Tuesday as the next round of U.S. tariffs looms.

His comments during an interview to CNBC at the World Economic Forum in Davos, Switzerland, come just days after Donald Trump became U.S. President and threatened to deliver fresh tariffs against imports from China and the European Union.

China can tap a large software engineer talent pool from its consumer-focused companies, Pan Jian of battery maker CATL told the World Economic Forum.

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China has fired back at President Donald Trump, dismissing his claim that Beijing has seized control of the Panama Canal as baseless and provocative. Newsweek reached out by email to a Trump representative and to Hutchison Ports, a Hong Kong–based port operator that controls ports near the canal, for comment.

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,

In Davos, Mohammad Javad Zarif also says Israel failed in its Gaza war objectives, Tehran not building nukes; report says Iran to receive missile fuel shipment from China