China will continue to open up at a higher level, and welcomes multinational companies to expand investment in China to deepen mutual benefit and win-win results, Chinese Vice Premier He Lifeng said on Sunday.
He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the statement in a meeting in Beijing with business executives of leading global multinational companies, as they exchanged views on the global and Chinese economic situation, China-U.S. economic and trade cooperation, and expanding investment in China.
Noting that China's economy has strong resilience, vast potential and ample vitality, He said China is committed to promoting high-quality development, expanding high-standard opening up, and continuously improving the business environment, while welcoming increased investment by multinational companies in China to share in the country's development opportunities.
Business executives from multinational companies present at this meeting said they attached importance to the Chinese market and were optimistic about China's economic prospects, and also expressed their willingness to commit to long-term cooperation with China.
Chinese vice premier encourages multinational companies to expand investment in China
Chinese vice premier encourages multinational companies to expand investment in China
China's southernmost island province of Hainan, which is intensifying efforts to build itself into a free trade port (FTP), stands ready to work with international counterparts to promote cooperation in five key areas, said the provincial governor while speaking at the Boao Forum for Asia (BFA) 2025.
At a BFA subforum titled the Global Free Trade Ports Development Forum on Tuesday, Governor Liu Xiaoming addressed attendees, stressing that Hainan seeks to strengthen interconnectivity with free trade zones and ports around the world in terms of five key areas, including rules and mechanisms, infrastructure, trade in services and other industries, low-carbon and sustainable development, as well as dialogue and exchanges.
He said the province is currently ramping up efforts to build the Hainan Free Trade Port, with an aim to establish independent customs operations this year.
"The mission of the free trade zone port is to break down barriers, not to build walls, and to create opportunities, not to pursue their own interests. We are currently stepping up the implementation of the plan for turning the whole island into a separate customs zone and the implementation of core policies for the Hainan Free Trade Port. We are advancing preparations to ensure that the island-wide independent customs operations will be successfully realized as scheduled by the end of 2025," said Liu.
At the forum, guests said that the construction of the Hainan Free Trade Port is an important measure for China to advance high-level opening up and has become a critical part of the building of an open world economy.
They also stressed that the Hainan Free Trade Port has built a bridge for win-win development for its partners worldwide by establishing partnerships with 38 free trade zones and ports across Asia, Africa, Europe and Latin America.
Speaking at the subforum, Ban Ki-moon, the chairman of Boao Forum for Asia and the former Secretary-General of the United Nations, lauded the island province's efforts to build a thriving economy that will benefit the whole region. China's opening-up at a high level undoubtedly is of great significance and will bring new opportunities for Asia and the wide world. During the past seven years, my colleagues and I have witnessed with our own eyes how the province has transformed and reinvented itself. From infrastructure, services, tropical agriculture, to high-tech industries, Hainan is well on its way to becoming a powerful magnet for global talents, capital and resources," said Ban.
With the theme "Asia in the Changing World: Towards a Shared Future," the BFA Annual Conference 2025, which opened on Tuesday, will be held through Friday.
Hainan FTP to boost cooperation with global partners: governor
