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China to further expand opening-up: Premier

Abstract : China will further expand its opening-up, and hopes to achieve win-win results through two-way and multi-directional opening-up with other countries, Chinese Premier Li Keqiang said here Monday.

Aerial photo taken on Sept. 11, 2020 shows the city view of Shenzhen, in south China’s Guangdong Province. (Xinhua/Mao Siqian)

BEIJING, March 23 (Xinhua) — China will further expand its
opening-up, and hopes to achieve win-win results through two-way and
multi-directional opening-up with other countries, Chinese Premier Li
Keqiang said here Monday.

Li met representatives of overseas attendees of the China Development
Forum 2021 via video link in Beijing. Heads of Fortune 500 companies,
experts and scholars from renowned international academic research
institutions, and representatives of major international organizations
participated in the forum.

Answering a question about China’s rate and quality of growth, Li
said that, in the face of the impact of the COVID-19 pandemic, China
achieved positive economic growth last year under the strong leadership
of the Communist Party of China (CPC) Central Committee with Comrade Xi
Jinping at the core.

The country has set the 2021 growth target at over 6 percent to
consolidate the foundation for economic recovery and growth. It also
aligns with what the country can accomplish next year and the year
after, Li said.

The growth target is not low, and China may even achieve a faster growth rate in practice, he said.

While maintaining stable economic growth, China must strive to
improve quality and efficiency. This requires adequate employment,
continued growth in incomes, sustained improvement of the ecological
environment, optimized economic structure and improved labor
productivity, said the premier.

He said that China still faces mounting pressures in boosting
employment this year, as about 14 million urban people will enter the
labor market, while the country is aiming to create no less than 11
million new urban jobs.

It needs to seek a balance between growth, employment, income and
prices, and cannot pursue economic growth based on high energy
consumption and heavy pollution, Li said.

He added that efforts should be made to increase the vitality and
profits of market players, continue to promote urbanization, unleash the
huge potential of domestic demand, and enhance the role of consumption
in stimulating the economy.

Li pointed out that opening-up is the only path for China’s
development, and over the past 40 years, the Chinese economy has been
deeply integrated into the world economy. China will further expand its
opening-up, and hopes to achieve win-win results through two-way and
multi-directional opening-up with other countries.

The premier also answered questions from the delegates on coping with
population aging, poverty reduction and education, financial opening-up
and green development.

The attendees hailed China’s development achievements, saying that
China’s deepening of reform and opening-up will bring new opportunities
for global economic development.

Noting that they are confident with China’s future development
prospects, they expressed their willingness to use China’s promotion of
high-quality development as an opportunity to better achieve mutual
benefits and win-win cooperation. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China to further expand opening-up: Premier

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