Chinese Premier: A more open China will bring more opportunities for the world

March 25, 2024

Chinese Premier: A more open China will bring more opportunities for the world

More than 110 global business leaders and scholars, including a remarkable number of US executives, have descended on Beijing for the China Development Forum (CDF), putting on a vivid display of global businesses’ confidence and commitment to the Chinese market, as China’s economy continues to recover and the country continues to open up its market to the world.

In a keynote speech at the opening of the CDF on Sunday, Chinese Premier Li Qiang said China’s economic recovery continues to consolidate and strengthen and new industries, new business models and new growth drivers continue to grow. “China’s economy has strong resilience, great potential, and sufficient vitality, and its long-term positive fundamentals have not changed.”

The Chinese Premier also talked about China’s steadfast pursuit of high-quality development and high-level opening-up. “An increasingly open China will definitely bring more opportunities for win-win cooperation to the world,” he said, noting that China stands ready to share great opportunities from its continuous development.


Chinese commerce minister meets global CEOs as nation expands opening-up to boost foreign investment

Chinese Commerce Minister Wang Wentao met with global executives including Apple CEO Tim Cook, Qualcomm CEO Cristiano Amon and Visa Inc CEO Ryan McInerney ahead of the China Development Forum, an annual high-level event hosted by the Development Research Center of the State Council, China’s cabinet, to discuss crucial topics.

Despite Western media outlets’ bad-mouthing of the Chinese economy as well as an increasingly complex global economic situation, intensive visits by global CEOs to China fully reflect their enthusiasm to share China’s opportunities and their confidence in China’s investment prospects, analysts said on Sunday.

During Wang’s meeting with Amon on Saturday, both sides exchanged views on China-US trade and economic relations and the company’s development in China, according to a press release on the Ministry of Commerce (MOFCOM) website.

Wang stressed that the Chinese government is committed to improving the business environment and serving foreign enterprises’ investment and operations in the market.


Chinese internet penetration up to 77.5 percent as number of netizens reaches 1.09b

China had 1.09 billion netizens as of December 2023, an increase of 24.8 million from the number in December 2022, bringing the internet penetration to 77.5 percent, according to a new report released by the China Internet Network Information Center (CNNIC) on Friday.

The report shows that the internet has been playing an important role in promoting new industrialization, developing new quality productive forces and assisting economic and social development, as the overall recovery and improvement of China’s economy continue to consolidate.

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