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China remains committed to multilateralism, diplomats and business leaders say

By ZHAO JIA | chinadaily.com.cn | Updated: 2025-04-28 20:50
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The 2025 New Year Dialogue Between Diplomats and Business leaders is hosted by the China General Chamber of Commerce in Beijing on Monday. [Photo provided to China Daily]

Zhang Zhigang, former vice-minister of Ministry of Commerce, said that the United States government has practiced trade protectionism and waged tariff wars, posing severe challenges to the global economy, while China remains steadfast in advancing high-standard opening-up.

He emphasized that economic and trade cooperation with China is always based on equality and mutual benefit, saying that investing in China means investing in the future.

The Chinese economy has demonstrated remarkable resilience and vitality, supported by a series of government measures to foster innovation, boost consumption, and liberalize trade and investment, all of which have strengthened market confidence, he added.

In the first quarter of 2025, China's GDP grew by 5.4 percent year-on-year, surpassing both the full-year 2024 growth rate of 5 percent and the same period last year, making it one of the top-performing major economies globally.

Hussam AI Husseini, Jordanian ambassador to China, highlighted the importance of trade and investment cooperation in jointly addressing challenges, as the global scenario is undergoing profound and complex changes with the multilateral trading system facing challenges.

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