China’s Top Legislator: Driving Global Economic Recovery through Innovation and Market Openness

Official predicts that China will play a crucial role in global economic recovery, says Reuters

In a speech at the Boao Forum for Asia, China’s top legislator Zhao Leji emphasized the country’s goal of being a strong driving force for the global economic recovery in the coming year. He expressed his willingness to collaborate with other countries in promoting high-quality growth and highlighted tech innovation as a new point of economic growth.

Despite challenges in the property sector and local government debt, recent economic indicators have shown a positive start to the year for China’s economy. Zhao promised greater openness in China’s markets for foreign investors, with plans to reduce the “negative list” of sectors restricted for foreign investment. This move is expected to attract more inbound foreign direct investment and boost economic growth.

Beijing has announced policies to support economic growth and set a growth target of around 5% for 2024, showing confidence in the country’s ability to rebound and improve in the long term. Despite uncertainties in the global economic landscape, Zhao reiterated China’s opposition to trade protection and decoupling. He emphasized that investing in China is investing in the future of the economy.

In a speech at the Boao Forum for Asia, China’s top legislator Zhao Leji emphasized the country’s goal of being a strong driving force for the global economic recovery in the coming year. He expressed his willingness to collaborate with other countries in promoting high-quality growth and highlighted tech innovation as a new point of…

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