China has become a significant trading partner for over 150 countries and regions, according to GACC deputy head Wang Lingjun.

AI is transforming global trade, particularly in sectors like office work and healthcare, while enhancing digital and service trade.

He urged countries to engage in constructive dialogue to resolve tariff issues and avoid protectionism.

In 2024, China's total goods imports and exports reached approximately $6.1 trillion, reflecting a 5 percent increase from the previous year.

The country also achieved a GDP growth of 5 percent year-on-year, successfully meeting its government's target.

Brende emphasized the significance of China's strong human capital, highlighting that over 10 million university graduates have emerged in the last three years.

He identified Artificial Intelligence (AI) as a crucial driver of future economic growth, predicting a 10 percent productivity boost if effectively applied over the next decade.

Despite rising competition and nationalism, Brende reiterated the necessity of international cooperation to tackle transnational challenges such as epidemics and climate change, emphasizing that 'we are all in the same boat.'

Brende warned that economic decoupling could severely harm the global economy, with the IMF estimating a potential 7 percent contraction due to high tariffs and trade barriers.

The WEF's 'Global Risks Report 2025' identifies major global risks including state-based conflict, extreme weather, geoeconomic confrontation, misinformation, and societal polarization.

The theme for the WEF Annual Meeting 2025 will be 'Cooperation in the Age of Intelligence,' addressing economic fragmentation and geopolitical crises.

Brende expressed confidence that the Chinese government can effectively address labor force challenges, such as a shrinking workforce, with appropriate policies.