This week at the 2026 World Economic Forum Annual Meeting in Davos, Chinese Vice Premier He Lifeng outlined a bold vision for global prosperity amid escalating uncertainty and rising protectionism. His address emphasized multilateralism, free trade and open markets as essential pillars for sustaining growth in a closely linked world.
He highlighted the importance of resisting unilateral barriers, calling on the international community to "firmly support free trade and jointly promote universally beneficial and inclusive economic globalization." Against the backdrop of tariff and trade wars, He warned that such conflicts have no winners, urging nations to choose cooperation over confrontation.
Using the metaphor of the "law of the jungle," He cautioned against a system where might makes right, arguing that global relations should be governed by rules, equality and mutual respect. "Everyone should be equal before the rules," he said, underscoring the need for a predictable, rules-based order.
Amid debates on market access and alliance strains, the Chinese delegation called for unity in preserving the frameworks that have underpinned global stability for decades. He also presented the Chinese mainland not only as the world's factory but increasingly as a major hub of consumption and innovation—the world's market.
By pledging to expand imports and further open its market, China signaled a commitment to building mutually beneficial economic ties and supporting international demand. He framed national growth as a source of global opportunity, suggesting that China's development can drive broader economic dynamism.
Finally, He emphasized that differing systems and development stages are natural, but should be managed through dialogue, respect and equal consultation rather than coercion. He pointed to institutions like the World Trade Organization and multilateral consultations as vital tools for resolving disputes.
In sum, Vice Premier He's Davos address reaffirmed core principles—openness, cooperation and a rules-based international order—offering a forward-looking invitation to re-energize collective efforts for inclusive, sustainable growth in an interconnected era.
Reference(s):
Beyond fragmentation: China's vision for global prosperity at Davos
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