Chinese Vice Premier Ding Xuexiang cautioned against the negative impacts of a trade war, emphasizing that there are no winners in such conflicts. Speaking at the World Economic Forum in Davos, Switzerland, Ding highlighted the dangers of protectionism and the importance of international cooperation in trade relations.
Ding’s address referenced Chinese President Xi Jinping’s previous remarks on protectionism, comparing it to isolating oneself in a dark room. He stressed the need for openness and collaboration in global trade to foster economic growth and development.
The vice premier also discussed China’s economic challenges, attributing them to both external factors and internal restructuring efforts. He outlined China’s shift towards new growth drivers like high-end technology and emphasized the country’s commitment to innovation and technological advancement.
Ding raised concerns about the potential consequences of escalating competition in artificial intelligence (AI) development between countries. He called for global coordination on AI governance through international organizations like the United Nations to mitigate risks and ensure responsible use of emerging technologies.
In light of the evolving global economic landscape and geopolitical tensions, Ding warned against the fragmentation of international systems, emphasizing the need for unity and cooperation to avoid detrimental outcomes for all nations involved.
