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China committed to opening-up, championing win-win solutions: Chinese WTO ambassador

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      China

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      China committed to opening-up, championing win-win solutions: Chinese WTO ambassador

      2024-09-14 21:46 Last Updated At:23:57

      ⁠⁠⁠⁠⁠⁠⁠China has remained committed to high-standard opening-up and seeking win-win solutions under the WTO framework, said Chinese Ambassador to the WTO, Li Chenggang, on the sidelines of the WTO Public Forum this week.

      Despite recent challenges to global fair competition, China has always been striving for win-win solutions in global trade disputes, said Li in an exclusive interview with China Global Television Network (CGTN).

      "In recent years, especially in recent months,  China's EVs have attracted so much attention. Unfortunately, China's EVs have also become the target of the United States, Canada, also the EU," said Li.

      "Under the WTO framework, we have an institutional arrangement to help members to deal with trade disputes. But the litigation is not the objective. The objective is trying to find the mutually acceptable solution to reach a win-win result," Li added.

      As China's State Council released a new paper on maintaining an open Chinese market with a level playing field recently, China’s commitment to opening-up and win-win cooperation was reaffirmed again.

      "China is always open and constructively cooperates with other members. China keeps the market open. When we develop our new energy industry, we also (do it) in a cooperative way. We treat all companies equally. SOEs, private companies, and also joint ventures. We create a fair market conditions for all the players. And we also conduct further reform to further liberalize, further open our market to outside competitors. Recently, the state council released a new document to further open our market. So, we are not pursuing a one-side wining game. We always prefer a win-win game," said Li.

      China committed to opening-up, championing win-win solutions: Chinese WTO ambassador

      China committed to opening-up, championing win-win solutions: Chinese WTO ambassador

      An official with the World Economic Forum (WEF) has stressed the importance of establishing an adaptable mechanism for dialogue and cooperation that allows the global economy to fully benefit from the development potential of new technologies while managing the associated risks.

      Mirek Dusek, one of WEF's managing directors, was speaking on the sidelines of the 2025 WEF Annual Meeting, which commenced in Davos, Switzerland on Monday.

      The five-day event has gathered around 3,000 participants from various regions and industries around the world under the theme "Collaboration for the Intelligent Age," highlighting the need for greater collaboration against a backdrop of rapid technological advancements and global divisions.

      In an interview with the China Global Television Network (CGTN) on Tuesday, Dusek said WEF is monitoring "two big forces" they believe are changing the world economy.

      "On one hand, we are living through quite a unique time in terms of technological advancement and innovation. But on the other hand, of course, we are also tracking forces of fragmentation. We are seeing a more competitive geopolitical landscape, shifting value chains and supply chains, and of course, also social polarization in certain societies around the world," he said.

      With the current uncertainties in the world, Dusek stressed the importance of building a suitable platform for dialogue, and ensuring that such a mechanisms is adaptable to respond to the various challenges.

      "Given the trends that we are seeing in the global economy, in international relations, that function of bridging and dialogue could not be more important. It's very important that we have mechanisms where we can have dialogue and cooperation, and of course,  we also need to be on the front foot of thinking, 'Okay, how do we make sure that the collaborative mechanisms are fit for the 21st century?'" he said, adding that this will be one of the focuses of the current Davos meeting.

       Dusek also emphasized China's vital role in promoting global economic growth and technological development, describing the country as a "key actor" in helping the world transition to a new era of tech-driven development.

      "Everyone understands that we need to be on our front foot, really thinking creatively around how do we relaunch growth that is inclusive, sustainable. But how do we relaunch growth in this new situation for the world economy? And China plays a very important role in that endeavor, on development, on trade, of course, as well. On technology, I mentioned the theme, 'The Intelligent Age'. What we are trying to communicate with that is that there is a huge opportunity around some of these technologies. What is quite special is that it's not only one technology, but we are seeing, at this moment, whole sets of technologies that are going to market and exponentially changing industry and economy. If we have this huge opportunity around these technologies, how do we design [not only] our dialogue mechanisms, but also our collaborative mechanisms to be able to harness these technologies for the benefit of the world economy while taking care of the risks," he said.

      WEF official calls for mechanisms to foster dialogue in new tech era, boost world economy

      WEF official calls for mechanisms to foster dialogue in new tech era, boost world economy

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