Tue, 21 Jan 2025

China calls for 'win-win' solution to trade tensions

With the threat of a trade war looming, China's first vice premier says the country wants to boost imports.

* China seeks a "win-win" solution to trade tensions and wants to expand its imports.
* The country has eased restrictions on foreign investment and aims to boost domestic consumption.
* Ding said China is not seeking a "trade surplus" and wants to promote balanced trade by importing more competitive products and services.
* He acknowledged that economic globalization can bring tensions, but believes it's a universally beneficial process where all can benefit.
* Protectionism and trade wars have no winners, according to Ding.
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