China says we’re open for business in renewed pledge to open markets
- In his debut as vice-premier, Ding Xuexiang tells economists and executives the country will expand external access to the economy
- Opening up is a mark of modern China, amid concerns the nation is turning inward
China’s new economic leadership is again seeking to win over doubters that it is open for international business, pledging to expand market access and put the country on a resilient recovery track.
“China’s new development pattern is not [based on] isolated domestic circulation, but more open, dual circulation connecting domestic and external markets,” Ding said at the China Development Forum in Beijing on Sunday, adding that the policy of opening up – launched four decades ago – was “a mark of modern China”.
“[We will] continue to expand [China’s] market access, comprehensively optimise the business environment, implement national treatment for foreign companies, and make greater efforts to attract and utilise foreign capital,” state news agency Xinhua quoted Ding as saying.
30:39
What to expect from China under third-term President Xi Jinping | Talking Post with Yonden Lhatoo
Ding also read a letter from President Xi Jinping who called for “consensus and cooperation” to facilitate the global economic recovery and repeated Beijing’s promises to open up its economy.