China to continue expanding opening up, sharing development dividends: VP

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BEIJING (Xinhua/Internews): China will continue expanding high-level opening up and sharing its development dividends with all parties, Vice President Han Zheng said.

Han made the remarks while addressing the opening ceremony of the Global Trade and Investment Promotion Summit 2024 in Beijing.

Only by unswervingly advancing trade and investment liberalization and facilitation, and safeguarding the resilience and stability of global supply and industrial chains, can the bond of cooperation be tightened and mutual benefits be expanded, Han said.

He called for efforts to seize the opportunity of a new round of technological and industrial revolution, strengthen sci-tech innovation, and nurture new growth drivers.

As the world’s second-largest economy, China’s contribution to global economic growth has remained around 30 percent for many years, Han said, adding that China is willing to share its development opportunities with the world and welcomes companies from all over the world to continue to invest in the country.

This was the third edition of the summit, hosted by the China Council for the Promotion of International Trade.More than 750 people from international organizations, foreign chambers of commerce, global trade promotion organizations, enterprises, among others, participated in the summit.

Meanwhile, Chinese Premier Li Qiang has stressed the need to issue and make good use of ultra-long special treasury bonds to support the implementation of major national strategies and build up security capacity in key areas.

The issuance of ultra-long special treasury bonds is conducive to advancing Chinese modernization, promoting high-quality development, and seizing the initiative in development, Li said at a video conference.

He urged efforts to strengthen project management and build a number of landmark projects, as well as to overcome deep-rooted obstacles through reforms and innovative measures.China should make good use of both conventional and unconventional policies, strengthen coordination between fiscal and monetary instruments, and guide more financial resources into the real economy, the premier said.

More efforts are required to guide private capital to participate in the building of major projects and fully stimulate the vitality of private investment, he added.Vice Premier Ding Xuexiang presided over the meeting.

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