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Chinese premier pledges broader opening-up for foreign-funded firms

China

China

China

Chinese premier pledges broader opening-up for foreign-funded firms

2024-11-05 20:19 Last Updated At:22:17

Chinese Premier Li Qiang on Monday said that China will open its doors wider to the outside world, regardless of how the international environment changes.

Li made the remarks during a meeting with select exhibitors and buyers attending the 7th China International Import Expo (CIIE), including Synopsys, General Electric Company, MSD and China FAW Group Co., Ltd.    The foreign-funded enterprises at the meeting expressed optimism about the Chinese market, saying that they will deepen their presence and increase investment in the country.

Despite a sluggish global economic recovery, China's overall economic operations have remained generally stable and seen progress, Li said, stressing that the Chinese market is still one of the best choices for global enterprises.

China will continue easing market access and push for the orderly expansion of opening-up in sectors like telecommunications, education, culture and medical care, the premier said.

He pledged to continue improving the business environment and provide equal opportunities in accessing production factors, qualification licensing and participation in government procurement, among other areas.    Li expressed the hope that China will become not only an export destination for foreign enterprises, but also a land of investment and entrepreneurship, facilitating closer links between China and the global market.

He noted his expectation that Chinese and foreign entrepreneurs will continue to support economic globalization firmly, work together to promote technological advancement and industrial upgrading, and foster new growth engines for the world economy.

The CIIE is the world's first national-level exposition dedicated to imports. Running from November 5 to 10 under the theme of "New Era, Shared Future," the 7th CIIE has attracted participants from 152 countries, regions and international organizations, and achieved a new record with 297 Fortune Global 500 companies and industry leaders set to attend.

Chinese premier pledges broader opening-up for foreign-funded firms

Chinese premier pledges broader opening-up for foreign-funded firms

The 7th Hongqiao International Economic Forum, an important part of the China International Import Expo (CIIE), held multiple sub-forums at the National Exhibition and Convention Center (Shanghai) on Tuesday, exploring high-standard opening up for global common good.

Under the theme of "High-Standard Opening up for Universally Beneficial and Inclusive Economic Globalization," the forum features a main forum and 19 sub-forums under "1 plus 4" sections, which are the Press Release and International Symposium on World Openness Report 2024 and parallel sessions under Opening-up for Development, Opening-up for Cooperation, Opening-up for Innovation and Opening-up for Sharing.

Under the Opening-up for Development session, two sub-forums titled "Industrial Development and Sustainable Cities: Innovative and Inclusive Synergy Strategy" and "Sustainable Development of Global South and China-Africa Cooperation" were held on Tuesday.

Under the Opening-up for Cooperation session, two sub-forums titled "China and 30 Years of the WTO: History and Evolution" and "International Cooperation on Standards for High-Quality Development of the Manufacturing Industry" were held.

While, three sub-forums were held under the Opening-up for Innovation, titled "Artificial Intelligence Empowering New Industrialization", "New Energy Storage Driving Future Energy Transformation" and "Digital Finance Boosting Global Economic and Trade Development".

The Press Release and International Symposium on World Openness Report 2024 was also held on Tuesday. The report presents a panoramic view of the latest global opening up situation and the progress and setbacks of countries in opening up, aiming to build further consensus on opening up and promote common opening up worldwide.

Hongqiao Int'l Economic Forum explores high-standard opening up for global common good

Hongqiao Int'l Economic Forum explores high-standard opening up for global common good

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