Chinese Vice Premier Deng Xuexiang speaks during the 29th COP on November 12, 2024.
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BEIJING — Chinese Vice Premier Deng Xuexiang warned that there are “no winners” in the trade war, as the world's second-largest economy faces the prospect of tariffs under the newly inaugurated Donald Trump administration.
Deng made his remarks during a speech on Tuesday at the World Economic Forum in Davos, Switzerland, according to an official English translation.
Deng, who said he would attend Davos for the second time, is one of China's four vice premiers. China The economy has struggled With weak consumption and real estate recession. Despite this, the country GDP growth officially 5% Last year after a wave of stimulus announcements that began in late September.
This breaking news story is being updated.
