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Prime Minister calls China’s economic opening irreversible

by souhaib
March 11, 2022
in Forex
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©Reuters. PM calls China’s economic opening irreversible

Beijing, March 11 (.).- China’s economic opening is irreversible and the only possible change will be to further expand the current policy, said today the Asian country’s prime minister, Li Keqiang.

The second economy in the world wants to continue opening “no matter how much the international environment may change,” Li said during a press conference on the occasion of the closing of the annual session of the National People’s Congress (ANP, Legislative), meeting since Saturday. .

“If there were any change, it would be aimed at a greater opening of China to international exchanges, trade and investment. We will bet on everything that leads to expanding a high-level opening,” he said.

The premier stressed that the Chinese economy has been “deeply” integrated into the world and that imports and exports contribute more than a third of the national gross domestic product.

He also insisted on the “tremendous potential” of the country for the growth of “all kinds of investments” and guaranteed equal opportunities for all kinds of businesses, both local and with foreign capital.

Almost a week earlier, during his opening speech at the PNA’s annual session, Li had announced a “comprehensive reform” to “expand high-level foreign opening and promote the stable development of foreign trade and foreign funds.” “, with support measures for exporting companies and “new export models”.

A revulsive that, according to what he said then, the Asian giant will also seek regarding foreign investment, which wants to focus on mid-range and high-end manufacturing, R&D, and modern services, in addition to channeling it towards the less developed regions of the world. center, west and northeast of the country.

Despite the premier’s words, the policy of zero tolerance for the coronavirus that has kept the country practically closed to the outside for two years has recently caused foreign companies to rethink their presence in China, plan to resize it or temporarily paralyze some investments until that improve the situation.

(Photo)

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