This weekend China emphasised its commitment to market opening and reform, Reuters reports from the China Development Forum in Beijing, with officials from several government offices echoing the message in their addresses.
In his first speech as vice-premier, Han Zheng told the forum on Sunday that China will “open even wider to the outside world,” using projects such as the Belt and Road initiative to realise this. Han also voiced his disapproval of unilateralism and trade protectionism in the face of “irreversible” economic globalisation.
Vice commerce minister Wang Shouwen reinforced the message by saying that China would continue to open up its finance, telecom, medical, and education sectors, completely lifting restrictions on foreign shareholdings in some areas.
The opening-up process will not compromise China’s pursuit of sustainable, high-quality growth and market reform, with “equal emphasis” to be placed on preventing risks through regulation and supervision, said recently-appointed chief of China’s central bank Yi Gang later on.