BEIJING: China will steadily expand institutional opening-up with regard to rules, regulations, management and standards, and will work with all countries and parties to share opportunities arising from it, President Xi Jinping said on Sunday.
In a congratulatory letter sent to the China Development Forum 2023, Xi said China will remain committed to its fundamental national policy of opening up to the outside world, pursue a mutually beneficial strategy, and continue to create opportunities for the world with new advances in China’s development.
Xi said that at present, momentous changes of a like not seen in a century are accelerating across the world, regional conflicts and disturbances are frequent, and the global economic recovery is sluggish. He added that the facilitation of global economic recovery requires consensus and cooperation. The Global Development Initiative proposed by China has received wide support and an active response from the international community, said Xi.
Vice-Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, attended the opening ceremony of the forum and read out the congratulatory letter. In a keynote speech, he emphasized the importance of establishing a new development pattern. He said China aims to foster more open “dual circulation” development involving both domestic and foreign markets rather than a closed domestic loop.
Zheng Shanjie, head of the National Development and Reform Commission, said China welcomes foreign companies to invest and do business in the country and share its development opportunities.
China will comprehensively deepen reforms and opening-up, promote the building of a high-standard market system and foster a world-class business environment, Zheng said.
The country will also make appropriate reductions to the negative list for foreign investment, ensure national treatment for all foreign-invested enterprises, enhance the stability, scale and structure of foreign trade and promote the high-quality development of the Belt and Road Initiative, he said.
Citing China’s economic performance in the first two months of 2023, Zheng said the Chinese economy is stabilizing and picking up, with a notable improvement in both supply and demand. The country has the confidence and capabilities to foster high-quality development.
China will strengthen coordination between fiscal and monetary policies as well as policies relating to employment, industry, investment, consumption, prices, environmental protection and regional development, which will support the country’s high-quality development, he added.
Finance Minister Liu Kun said that China’s fiscal policy will make strengthening support for market entities a priority to solidify the internal driving force for high-quality development, ensuring equal treatment for all market players, including private businesses and foreign enterprises.
–The Daily Mail-China Daily news exchange item
