China announces new push for openness

21 Mar 2018  2059 | World Travel News

AFP

BEIJING – China said it will open itself up to the world even further, in what it says is a bid to ensure both Chinese and foreign investors compete in a level playing field.

“If there is one thing that is going to be different from the past, it will be that China will open even wider,” Chinese Premier Li Keqiang said at a press conference held in Beijing yesterday.

He said China is already so integrated into the global economy that moving in the opposite direction would be counterproductive.

China’s reform and opening-up policy adopted in the past four decades has been instrumental in bringing about China’s tremendous economic growth.

“Opening up has driven China’s reform agenda, promoted this development and delivered real benefits to Chinese people,” Premier Li added.

China’s aim is to ensure that both Chinese and foreign investors are able to compete in China’s 1.3 billion-people market on an equal footing, according to Mr Li.

He said, “We want to ensure that our consumers will have more options and there will be further advancements in Chinese products and services in pursue of high quality development.

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