China Will Treat Foreign and Domestic Firms Equally, Vice Premier Tells Davos
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Vice Premier Ding Xuexiang delivers a speech at the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland, on Tuesday. Photo: Xinhua
Chinese Vice Premier Ding Xuexiang vowed that China will treat foreign-invested companies and domestic firms equally, in a show of the top leadership’s determination to reassure foreign investors.
Speaking at the World Economic Forum (WEF) Annual Meeting in the Swiss town of Davos on Tuesday, Ding emphasized the importance of continued reform and opening up, listing it as one of the major trends that characterize the Chinese economy.
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- Chinese Vice Premier Ding Xuexiang emphasized equal treatment for foreign-invested and domestic companies in China while acknowledging challenges such as participation in government procurement and intellectual property protection.
- Ding highlighted China's trends in economic reform, focusing on market access for foreign investment, balanced trade, high-quality development, real estate market stability, and contributions to the global climate through green technology.
- At the World Economic Forum, Ding called for global cooperation in AI governance, stressing a balanced approach to AI development and the importance of international collaboration on technological innovation.
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Who’s Who
- World Economic Forum
- The World Economic Forum (WEF) is an annual meeting held in Davos, Switzerland, where global leaders and influencers discuss economic trends and issues. The WEF's 2023 theme is “Collaboration in the Intelligent Age.” Chinese Vice Premier Ding Xuexiang highlighted the importance of international cooperation in technology development, particularly in artificial intelligence and quantum technology, to ensure these advancements contribute positively to humanity.
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What Happened When
- Before 2025：
- China opened industries such as telecom, the internet, education, and medical services to foreign investors.
- In 2024：
- China lifted all market access restrictions on foreign investment in manufacturing.
- In 2024：
- China achieved its "around 5%" GDP growth target.
- January 21, 2025：
- Chinese Vice Premier Ding Xuexiang spoke at the World Economic Forum Annual Meeting in Davos.
- In 2025：
- Some provincial-level regions in China have set lower GDP growth targets.
- By 2025：
- China supplies 70% of the world's photovoltaic components and 60% of global wind power equipment.
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