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China steps up opening up, supply chain security charm offensive in wake of Biden-Xi summit
- Following the meeting between Xi Jinping and Joe Biden, Chinese Vice-President Wang Qishan and Premier Li Keqiang spoke about China opening up further
- Li also said that China wanted to work with all countries to keep industry and supply chains stable and enhance coordination of macro economic policies
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China’s leadership has ramped up its charm offensive with pledges for further opening up to foreign investment and more engagement in stabilising global supply chains following the meeting between President Xi Jinping and his US counterpart Joe Biden amid ongoing worries over the slowdown in the domestic economy.
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Some 24 hours after Xi and Biden met for the first time via video on Tuesday, Chinese Vice-President Wang Qishan stressed that Beijing and Washington should keep their focus on cooperation, manage and control their differences to not only bring the bilateral relationship back on track, but also contribute to the world economic recovery and peace.
“China will keep its arms wide open, provide more market investment and growth opportunities to the world,” Wang told the Bloomberg New Economy Forum in Singapore on Wednesday.
A day earlier, following the 3½-hour meeting between Xi and his “old friend” Biden, Chinese Premier Li Keqiang had already stated that China wanted to work with all countries to keep industry and supply chains stable and enhance coordination of macro economic policies.
We may focus on commerce, trade and economy in our discussion, but we all need a peaceful environment for this to happen
“We may focus on commerce, trade and economy in our discussion, but we all need a peaceful environment for this to happen,” he told over 300 business leaders from over 40 countries as part of a “special dialogue” on Tuesday organised by the World Economic Forum.
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