Chinese Vice Premier Hu Chunhua told the World Economic Forum in Davos that Beijing does not deliberately pursue a trade surplus and reaffirmed China’s willingness to import more goods, aiming to balance global trade flows amid heightened tensions and protectionist pressures.

Hu’s comments were framed against recent volatility linked to U.S.–Europe tariff threats and global trade uncertainty, as leaders sought reassurance on China’s role in expanding import opportunities.

The remarks were interpreted by markets as a signal that China is looking to stabilise global trade relations and support sustainable growth partnerships.

Investors welcomed the message, which slightly eased concerns about systemic trade fragmentation, though broader geopolitical tensions remain a key watchpoint.

China’s stance also aligns with policy efforts to bolster domestic consumption and diversify trade partnerships.

Hu emphasised that market forces and structural reforms, rather than fixed export-led strategies, should guide China’s trade trajectory, signalling responsiveness to global economic dialogues.

Trade partners in Europe and Asia noted the comments positively, suggesting that improved cooperation could help mitigate some recent volatility in global markets.

The statement also reflects China’s broader efforts to position its economy as a stabilising force amidst trade and technology competition, though details on specific import commitments were not disclosed.

Financial analysts say such rhetoric, if followed by concrete actions, could influence trade balances and investment decisions between major economies in 2026.

Source: Reuters.