Chinese Vice Premier He Lifeng gives a special address at WEF

China's development is an opportunity, not a threat, and China is willing to leverage its market advantages and share its opportunities with other countries, Chinese Vice Premier He Lifeng said on Tuesday at the World Economic Forum in Davos, Switzerland.

China adheres to the principles of equality, mutual benefit and resolving issues through consultation to create win-win and multi-win outcomes, he added during his special address at the forum.

Since joining the World Trade Organization (WTO), China has not sought special treatment in WTO negotiations, He noted, adding that the country firmly upholds the WTO's long-standing trade organization principles and seeks cooperation to solve development challenges.

China will continue to expand its opening up, and its door will only open wider, the vice premier added, noting that it will proactively align with high international standards and rules and will continue to create a market-oriented and internationalized business environment, treating domestic and foreign enterprises equally, He said.

China also hopes that foreign countries will provide a favorable environment for Chinese enterprises, He added.