DAVOS: China’s development presents opportunities rather than risks, and Beijing is ready to share its growth dividends with the world, Chinese Vice Premier He Lifeng said on Tuesday during a special address at the World Economic Forum in Davos.
He said China follows the principles of equality, mutual benefit and consultation to achieve win-win and multi-win outcomes, stressing that the country has never sought special treatment since joining the World Trade Organization (WTO). Instead, China firmly upholds WTO principles and supports cooperation to address global development challenges.
The vice premier said China would continue to expand its opening-up, align with high international standards and rules, and foster a market-oriented and internationalised business environment in which domestic and foreign enterprises are treated equally. He also expressed hope that other countries would provide a fair and favourable environment for Chinese companies operating abroad.
His remarks came as China announced that its economy grew by 5 percent in 2025 despite mounting domestic pressures and global headwinds. Data from the National Bureau of Statistics showed China’s GDP reached a record 140.18 trillion yuan (around $20 trillion), underscoring the resilience of the world’s second-largest economy.
Analysts described the growth as notable, particularly in the face of the United States’ tariff war. South African political analyst Sandile Swana said China’s 2025 performance could be summed up in one word: resilience. University of Birmingham professor John Bryson said the outcome showed Chinese policymakers and businesses were able to adapt quickly by seeking alternative markets, limiting the long-term impact of trade tensions.
China’s role as a global growth engine is increasingly being driven by innovation and high-quality development. The country entered the top 10 of the Global Innovation Index for the first time in 2025, according to the World Intellectual Property Organization.
Experts said China’s transition from being primarily a manufacturing hub to a leader in advanced technology and green energy is reshaping its global contribution. Analysts noted that by keeping its markets open and prioritising infrastructure and technological innovation, China is also supporting developing countries in achieving sustainable growth and greater economic autonomy.
