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Davos participants hail China’s strong 2025 growth despite global headwinds

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Davos participants hail China’s strong 2025 growth despite global headwinds

2026-01-21 15:55 Last Updated At:01-22 23:45

As global uncertainties weighed on growth, China stood out in 2025 with strong resilience, contributing most to the world economy, said distinguished figures at the 2026 World Economic Forum (WEF) gathering in Davos, Switzerland.

China's gross domestic product (GDP) expanded by 5 percent year on year in 2025, hitting a record 140.19 trillion yuan (about 20 trillion U.S. dollars) and achieving the annual growth target, official data showed Monday.

The Chinese economy during the 14th Five-Year Plan period (2021-25) was marked by four consecutive leaps, surpassing 110, 120, 130, and 140 trillion yuan, despite multiple unexpected shocks.

For many years, China has contributed roughly 30 percent of global economic growth, cementing its role as an indispensable "ballast" for the world economy.

Forum participants observed that maintaining rapid growth is difficult for an economy of China's size. They emphasized that China’s robust economic results helped stabilize global confidence amid geopolitical challenges and trade frictions.

"China has been an important engine of growth over the past at least two decades, if not more. And so this is a very important of course data point that China is growing at this pace in this economic environment and obviously contributing to the picture that the IMF put out that we seem to have more resiliency in the world economy than maybe many predicted," said Mirek Dusek, managing director of the WEF.

"In 2025, despite the tariffs and all what has happened in trade and you have grown 5 percent that is more or less what was the target. It's important to understand is that China needs to grow between 4.5 and 5 percent and that will make the world economy also more stable because you are so important to the world economy, so it is something to be celebrated," said Rebecca Greenspan, secretary-general of the United Nations Conference on Trade and Development.

Under the theme "A Spirit of Dialogue," the five-day WEF event opened Monday, drawing nearly 3,000 leaders and experts worldwide to discuss five pressing global challenges, including enhancing cooperation, unlocking new sources of growth and deploying innovation at scale and responsibly.

Davos participants hail China’s strong 2025 growth despite global headwinds

Davos participants hail China’s strong 2025 growth despite global headwinds

Interpol Secretary General Valdecy Urquiza has hailed China as a strong supporter and partner of the organization in the fight against fraud.

Urquiza praised China for its efforts on the sidelines of the Inaugural Conference of the International Alliance Combating Telecom and Cyber Fraud, which was held in Lianyungang, east China's Jiangsu Province, on Thursday.

At the conference, the China-initiated international alliance aimed at countering cross-border telecom and cyber fraud was established.

Interpol, formally known as the International Criminal Police Organization, is the world's largest international police organization, and has 196 member countries, aiming to help police in all of them to work together to make the world a safer place.

Noting that fraud and cyber-related crimes have become the priority for member countries of Interpol around the globe, Urquiza said initiatives such as the alliance are key on the fight against those threats, while describing the alliance as a "very good step."

Speaking of cooperation between China and Interpol, Urquiza highlighted China's notable contribution to fighting fraud-related crimes in recent years.

"China has been a strong supporter and partner of Interpol for the past years, especially in the fight against fraud. We have partnered with China a couple of years ago to enhance the efforts on building capacity and coordinating operational activities to fight crimes related to fraud," he told China Global Television Network (CGTN).

"With that, we establish an operation that is called the First Light Operation, which is one of the main areas of work of Interpol on the fight against fraud. Under this operation, we have been able to arrest more than 11,000 criminals that were operating fraud schemes and we have been able to locate and seize more than 600 million dollars that were related to criminal activities on fraud," said Urquiza.

Interpol chief hails China as strong supporter, partner in fighting fraud

Interpol chief hails China as strong supporter, partner in fighting fraud

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