China’s trade surplus hit a record high in 2024, a symbolically potent $1 trillion. The optics of that rounded-up figure—the exact number was $992.2 billion—dovetail neatly with US President Donald Trump’s pejorative rhetoric regarding China’s status as a trade creditor and his stated aim of using tariffs to reduce the US trade deficit.

China is suffering from deflation, devaluation, capital flight and the loss of foreign investment — all at the same time. Unprecedented, far worse than "Japanification."

On the campaign trail last year, President Donald Trump talked tough about imposing tariffs as high as 60% on Chinese goods and threatened to renew the trade war with China that he launched during his first term.

DAVOS, Switzerland -- Chinese Vice-Premier Ding Xuexiang on Tuesday delivered a special address at the World Economic Forum Annual Meeting 2025 in Davos, Switzerland. The following is the full text of the speech entitled "Keeping to the Right Path of Multilateralism and Promoting Open and Inclusive Development":

Donald Trump’s second term in office is getting off to a good start for China.

China is not seeking a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

Russia and China are strengthening their cooperation on AI technology. Although China-Russia imports and exports have reached record levels, growth has slowed significantly compared to 2023.

President Trump's approach to China significantly shifted since his campaign, focusing on a nuanced relationship balancing trade concerns and diplomatic engagement. As he adopts pragmatic strategies,

DeepSeek released an open-source artificial intelligence model in December, saying it took only two months and less than $6 million to create it.

China is not aiming for a trade surplus and wants to import more high-quality goods to balance international trade, according to Vice Premier Ding Xuexiang. At the World Economic Forum, Ding emphasized that global trade benefits everyone and criticized protectionism,

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As Trump 2.0 kicked off last week, government and business leaders at the World Economic Forum's (WEF) 55th Annual Meeting in Davos discussed global risks that will shape the coming year.