DAVOS, Switzerland -- China plays a key role in boosting global economic growth, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala has said.

"China has always been able to come up with instruments to help stimulate the economy, and we're fully expecting that the government still has room to do quite a lot," Okonjo-Iweala told Xinhua in an exclusive interview on the sidelines of the World Economic Forum (WEF) in Davos on Thursday.

Despite geopolitical tensions and uncertainties, the world needs trade to restore growth, the head of the World Trade Organization told audiences at the World Economic Forum, which concluded on Friday in Davos, Switzerland.

Attending a panel on "The Global Economic Outlook", Ngozi Okonjo-Iweala, director-general of the WTO, admitted that trade was considerably down last year, but she remained optimistic about 2024, forecasting a 3.3-percent growth of global trade value.

DAVOS, Switzerland - Trade and investment remain essential for the continued recovery of the global economy, participants said at the 54th World Economic Forum (WEF) Annual Meeting here this week.

"Without a free flow of trade, I don't think we can recover," Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), said in a session exploring the role of trade and investment as a driver of economic growth.

A panel discussion called "Decrypting the US-China Relationship" was held on the last day of the World Economic Forum in Davos, Switzerland. Let's check it out.

On Jan 17 at the World Economic Forum in Davos, "confidence" was frequently mentioned at a meeting on the theme of "Recharging Growth in China". China Daily also talked to Vivian Jiang, chair of Deloitte China. "I believe there are long-term sustainable growth drivers to our economy," she said.

DAVOS, Switzerland - Billionaire investor David Rubenstein has said he is bullish on the outlook of the Chinese economy over the next two years.

"China has had some challenges in the last year or so post-COVID. But I think the Chinese government has now recognized their challenges, and they are trying to address them," Rubenstein, co-founder of private equity giant Carlyle Group, told Xinhua on Tuesday on the sidelines of the ongoing World Economic Forum (WEF) annual meeting.

As the bank of talent and hub of scientific research, higher education institutions play a key role in tackling the burning challenges posed by climate change, said Du Jiangfeng, president of Zhejiang University, on Wednesday.

"In the face of these challenges, universities can contribute by conducting rigorous and actionable research," Du said in his address to his counterparts at the Global University Leaders Forum in Davos, Switzerland.

Established in 2006, the Global University Leaders Forum, or GULF, is currently made up of the leaders of 29 top global higher education institutions, including Harvard University, Massachusetts Institute of Technology, Oxford University, and Cambridge University.

The BRICS mechanism is built on the basis of consensus and mutual respect, and no country in the organization holds a dominant position, said Enoch Godongwana, finance minister of South Africa.

Godongwana made the remarks on Thursday at a panel session titled BRICS in Expansion during the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland.

Experts are maintaining an optimistic outlook on China's future trajectory as it navigates a crucial phase of economic transition.

The positive perspective is grounded in a robust new growth engine, characterized by a burgeoning middle class, evolving consumption patterns, substantial greenfield investment, and the integration of artificial intelligence and data into the economic landscape.

China Petroleum and Chemical Corp, also known as Sinopec, has reached an agreement with UK oil and gas giant BP to deepen their cooperation in the exploration of new energy transformation opportunities during the World Economic Forum in Davos, the company shared on Thursday.

The two parties signed a memorandum of understanding to further cooperate on new energy transformation, new energy vehicle charging and related areas to better serve China's fast-developing NEV market, it said.

Antonio Guterres, UN secretary-general, spoke about the challenges of climate change and artificial intelligence at the World Economic Forum on Wednesday in Davos, Switzerland.

Gulf powerhouse Saudi Arabia's potential recognition of Israel through peace for the Palestinians and a Palestinian state, as it reiterated at the World Economic Forum in Switzerland together with other speakers from the region, showcases the Arabs' will to achieve a two-state solution to end this contentious issue, say analysts.

They also said the Arab countries' consistent position on engaging with the Palestinians has become paramount, given the broader regional and global ramifications at stake.

Premier Li Qiang said on Tuesday that investing in China will bring huge returns and a better future, and China welcomes foreign enterprises to invest and do business in the country.

Li made the remarks in Davos, Switzerland while attending a luncheon hosted by Klaus Schwab, founder and executive chairman of the World Economic Forum, and exchanging views with heads of several multinational companies.

DAVOS, Switzerland -- Chinese Premier Li Qiang on Tuesday delivered a special address here at the opening ceremony of the World Economic Forum Annual Meeting 2024.

The following is the full text of the speech:

PwC Global Chairman Bob Moritz says China has the ability to scale up innovation quickly.

"We've seen over the last 20 to 25 years when China makes a determination to do something, the ability to scale that quickly comes to life, whereas other countries might not have that ability for whatever reason," he said in an interview with China Daily at Davos meeting.

DAVOS -- China stands ready to work with the European Union (EU) to stay committed to partnership, stick to dialogue and cooperation, pursue mutual benefit and win-win results, and properly handle differences under the principle of mutual understanding and respect, Chinese Premier Li Qiang said here Tuesday.

In today's world that is fraught with changes and turbulence, China-EU ties remain stable among major-country relationships, which is a result of joint efforts from both sides, Li said when meeting with European Commission President Ursula von der Leyen on the sidelines of the World Economic Forum Annual Meeting 2024.

“China is also still very open for international business and also plays a major role with the Global South,” he said in an interview with China Daily. “If you want to get anything done in international negotiations, China has to be part of it.”

Reporter: Wang Mingjie

Premier Li Qiang stated China's position on the Taiwan question on Tuesday when he met with Singaporean president Tharman Shanmugaratnam in Davos, Switzerland, with the latter assuring him that Singapore adheres to the one-China principle.

The president said that Singapore firmly opposes words and deeds of "Taiwan independence" in any form, and its position on the Taiwan question remains unchanged.

They met on the sidelines of the 54th Annual Meeting of World Economic Forum in Davos.

Premier Li Qiang delivered a special address on the opening day of the World Economic Forum in Davos on Tuesday, highlighting China's economic growth and its potential for foreign investment. China Daily spoke to Bob Moritz, chairman of PwC Global, about China opening its economy to the world.

Reporter: Wang Mingjie

DAVOS, Switzerland -- It is hoped that the European Union (EU) will uphold justice, compliance and transparency in economic and trade matters, treat Chinese enterprises fairly, and prudently introduce restrictive economic and trade policies and deploy trade remedies, Chinese Premier Li Qiang said here Tuesday.

Li made the remarks when meeting with European Commission President Ursula von der Leyen on the sidelines of the World Economic Forum Annual Meeting 2024.