Chinese Vice Premier Ding Xuexiang also a member of the Standing Committee of the Political Bureau of the Communist

Vice-premier addressed China’s economic vitality, global cooperation and concerns over artificial intelligence at World Economic Forum in Switzerland.

Chinese Vice Premier Ding Xuexiang also a member of the Standing Committee of the Political Bureau of the Communist

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":

( MENAFN - Swissinfo) On the occasion of the 75th anniversary of the establishment of bilateral diplomatic relations between Switzerland and China, Economics Minister Guy Parmelin and Foreign Minister Ignazio Cassis have welcomed Chinese Vice Premier Ding Xuexiang to Bern.

China's vice-premier warned that the development of artificial intelligence could pose a major risk if it is not carefully managed, amid a rivalry with the US that has seen the emerging technology take centre stage.

Vietnam and Switzerland issued a statement on advancing the bilateral partnership, following the talks between Prime Minister Pham Minh Chinh and Swiss President Karin Keller-Sutter in Davos on .

Although he stopped short of directly addressing Trump's vow to impose hefty tariffs against China, Vice Premier Ding warned that a trade war has no winners.

Donald Trump escalated his trade rhetoric on Tuesday, promising tariffs against the European Union and Chinese imports.

Vice-Premier Ding Xuexiang warned on Tuesday of "horrible" consequences if the world becomes divided and emphasized the need for the international community to work together to oppose a Cold War mentality and zero-sum game and build a more equitable international order.

Vice-Premier Ding Xuexiang has called for the improvement of global governance on Artificial Intelligence to ensure it replicates "Ali Baba's cave" filled with treasure, rather than "Pandora's box" of uncontrollable risks.