Message from China’s new economy management to continue opening up
China’s new First Vice Premier Ding Shueshiang and the newly appointed director of the country’s top economic planning body, the National Development and Reform Commission (NRDC), Ching Shanjie, met with international business circles at the China Development Forum. of China in Beijing.
Speaking at the forum, First Vice Premier Ding said, “We will continue to expand market access and comprehensively improve the business environment. We will make more efforts to attract foreign capital to the country, and we will treat foreign companies as domestic companies.” saying.
Emphasizing that the opening-up policy is the indicator of modern China, Ding said, “China’s new development model will not be an isolated domestic market cycle, but an open and dual circulation where domestic and foreign markets feed off each other.” . he used the phrase.
Ding stressed the need for “true multilateralism” for global recovery and coordination to prevent the spread of negative effects of “radical policy adjustments” on the macroeconomy.
NRDC Director Cıng Şancie stated that his goal is to create a world-class business environment on a level playing field by removing market access restrictions.
Noting that China will accelerate the development of the digital economy for the creation of new industries, Cıng said, “Walking with China means walking with opportunities, investing in China is investing in the future.” he performed the assessment of it.
With their messages, the newly elected executives at the National People’s Congress held in China earlier this month tried to dispel doubts that China is on an inward quest to develop self-sufficiency in the field of high-tech, in the face of the trend of US to cut technological restrictions and economic ties.
“CHINA WILL PROVIDE ONE THIRD OF WORLD GROWTH IN 2023”
In her speech at the forum, International Monetary Fund (IMF) President Kristalina Georgieva said China will provide a third of global growth with an estimated growth rate of 5.2 percent this year.
Voicing her prediction that China “will become one of the budding buds of the economic downturn,” Georgieva warned that financial instability risks are rising and that geopolitical fragmentation can create dangerous divisions.
Georgieva stressed that China must shift from an investment-oriented economy to consumption-based growth by increasing productivity and create an environment in which the private sector and state-owned enterprises can compete on a level playing field with reform-oriented to the market.
Although the Chinese economy showed signs of recovery in the first two months of the year, technological restrictions in the US, as well as the possible effects of fluctuations in global financial markets caused by the banking crises in the US and Switzerland, create uncertainty. as to whether the recovery will be sustained. (AA)