He Lifeng says China's development presents opportunity to world economy
發佈日期: 2026-01-21 21:22
TVB News
Vice Premier He Lifeng delivered a special address at the World Economic Forum in Davos, Switzerland, pointing out China's development presents an opportunity, not a threat, to the world's economy.
He also met with U.S. Treasury Secretary Scott Bessent on the sidelines of the event for discussions on economic and trade issues involving the two countries. Bessent said China remains committed to an agreement to purchase U.S. soybeans.
China's vice premier and top trade negotiator He Lifeng said tariff wars pose serious risks to global economic growth.
Speaking at the Davos Congress Hall, he said the world must not return to the law of the jungle where "the strong prey on the weak."
He defended China's capability to cope with various economic challenges and transformation.
The Vice Premier said China has been working to foster common prosperity with trading partners through its own development and has never deliberately pursued a trade surplus.
He said, on top of being the "world's factory", China hopes to be the "world's market" in opening wider to global products and services.
On China-U.S. trade relations, the Vice Premier highlighted the significance of dialogue, noting the two sides both benefit from cooperation and lose from confrontations.
U.S. Treasury Secretary Scott Bessent, who held talks with He the day earlier, announced China has met the milestone of US soybean purchases this week, and is on track for another 25 million tonnes next year.
He said: "I suggested maybe he would want to buy a little more because President Trump always brings that up with Party Chair Xi when they speak. They've done everything that they said they were going to do."
Bessent also said China's supply of rare earth magnet flows meets expectations with a fulfilment rate of approximately 90 percent.
Meanwhile, the U.S. trade representative hinted a new round of China-U.S. trade negotiations ahead of a potential meeting between the two head of states this April.
Jamieson Greer said the talks could move past highly sensitive areas such as technological competition and rare earths, and focus on basic goods and services.
