Chinese policymakers are intensifying efforts to stimulate a faltering economy in the face of concerns over potential U.S. tariff hikes following President Donald Trump’s inauguration on Monday

In 2017, weeks after Donald Trump’s first presidential election victory, Xi Jinping became the first Chinese head of state to address the World Economic Forum in Davos, Switzerland — winning applause as he inveighed against protectionism and declared that a trade war would hurt both sides.

DAVOS: A top Chinese official warned Tuesday that no country would emerge victorious from a trade war, in a speech to the Davos forum as Donald Trump returned to the White House. Vice Premier Ding Xuexiang told the World Economic Forum that a "tug of war" was underway between supporters and opponents of economic globalisation.

China does not pursue a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday. Addressing the 55th annual World Economic Forum meeting in Davos,

EU chief Ursula von der Leyen declared Tuesday that Europe was ready to negotiate with the United States and seek to improve ties with China as Beijing warned against damaging trade wars in the face of Donald Trump's protectionism.