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Agricultural Development Bank of China
Economy

China not to stop promoting higher-quality opening-up: Chinese vice premier

January 22, 2020


Abstract : China will open its door even wider to the world, Chinese Vice Premier Han Zheng said here Tuesday.

DAVOS, Switzerland, Jan. 21 (Xinhua) -- China will open its door even wider to the world, Chinese Vice Premier Han Zheng said here Tuesday.

Despite the protectionist and unilateral moves by some countries, China will not stop pushing for higher-quality opening-up, Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said in a special address at the 50th annual meeting of the World Economic Forum (WEF).

Han said that China will not follow those countries' footsteps by moving away from globalization.

"China will continue to take major steps of reform and opening-up to drive economic globalization, and make new contributions to sustainable global development," he said.

Specifically, Han said China will further widen market access for foreign investors, import more goods and services, improve the business environment, foster new drivers of opening-up, and strengthen multilateral and bilateral cooperation.

This year's WEF annual meeting has drawn around 3,000 participants from over 100 countries and regions. The meeting, under the theme "Stakeholders for a Cohesive and Sustainable World," will focus on renewing the concept of stakeholder capitalism to overcome income inequality, societal division and the climate crisis.

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Keyword: foreign investment opening up

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