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(Service Council 2020) Xi Jinping’s Speech in a Special International Setting Again Explains China’s Determination to Expand Openness
China News Service, Beijing, September 5, Title: Xi Jinping’s Speech in a Special International Setting Reinterprets China’s Determination to Open Up
China News Agency Reporter Xia Bin
“Looking to the future, open cooperation in the service industry is increasingly becoming an important force in promoting development,” Chinese President Xi Jinping said in a speech at the Global Services Trade Summit in China. the China International Services Fair 2020 on the 4th.
Since the beginning of this year, the international environment has been turbulent, unstable situations have spread and uncertainty has increased around the world. On the one hand, the new global epidemic of corona pneumonia has not yet been fully controlled and the impact of the epidemic has plunged the economy into a deep recession; on the other hand, economic globalization has found a countercurrent and protectionism and unilateralism prevail in some countries.
In his speech, Xi Jinping stated that China will unwaveringly expand its openness to the outside world, establish a strong cross-border service trade negative list management system, promote the establishment of a pilot open platform for the innovative development of services trade, continue relaxing market access for the service industry and actively expanding imports of high-quality services.
In an interview with a China News Service reporter, several executives of multinational companies who participated in this session of the Services Fair stated that Xi Jinping’s speech once again revealed China’s determination to expand its openness. Sharing the dividends of China’s development creates more opportunities.
Open to the outside world
“In the context of the epidemic, the global capital market, economic development and business environment are facing great challenges. China has demonstrated strong resistance to economic development and provided strong support to foreign-funded enterprises in China. “. Deutsche Bank (China) Co., Ltd. Yin Zhen, chairman of the Beijing branch, said that the holding of this service trade fair is the first large-scale international business event to be held in Beijing since the outbreak. You can create new business opportunities for companies in various fields and help boost business confidence. It also shows China’s determination to keep opening up.
PwC Asia Pacific and Greater China President Zhao Baiji bluntly stated that in the current fight against the epidemic, holding the China Trade Fair is of great importance. The 2020 Service Fair will send a positive signal of China’s adherence to economic globalization and strengthening international economic and trade cooperation. It will also help global services trade companies strengthen international exchanges, secure new orders and expand new markets, which will help reduce the impact of the epidemic and promote economic recovery. With a positive effect.
At the same time, holding this year’s Service Fair will help show the world China’s unwavering faith and determination to open up to the world in the current international and domestic situations, and will help promote China’s openness to a level higher.
Open to attract foreign investment
A series of opening-up measures launched by China in recent years are becoming a great “magnet”, attracting foreign capital to continuously increase investment in the Chinese market, creating a large amount of international cooperation and global orders.
Lai Minglong, general manager of AstraZeneca China, said that China has successively enacted the Foreign Investment Law and the “Comprehensive Deepening of Innovation and Development of Services Trade Pilot Program” to optimize the market business environment, continue to open up to the outside world and encourage foreign investment to enter the Chinese market. Effectiveness.
China has become one of the most attractive investment recipient countries in the world and AstraZeneca’s second largest market in the world. AstraZeneca has invested US $ 1 billion in China to establish a global R&D center, a production and supply base, and an innovation center.
Yin Lei, Director of Asia Pacific and China Onshore Business at UBS Asset Management, noted that in recent years, China’s opening-up measures have made remarkable progress, including the Shanghai-Hong Kong securities connection mechanism, the Shenzhen-Hong Kong securities connection mechanism, the inclusion of A shares in the MSCI and FTSE Russell emerging markets index. Global stock indices and Chinese bonds are included in the Bloomberg Barclays Global Composite Index. “We believe that China’s financial opening up to the outside world will accelerate the integration of China’s capital market into the global financial system, and will also attract more and more foreign capital to participate in it.”
Inject new vitality into the world
In the context of economic globalization, the economies of several countries are interdependent, and China, which is recovering before the impact of the epidemic, has the ability to contribute to the return of the world economy on the right track. Trade in services is where the potential for global economic growth lies and it is also the new engine of the global economy.
Meng Pu, president of Qualcomm China region, believes that the current service fair has built a platform for exchanges and cooperation for global service trade, and through the new development pattern of “dual-cycle mutual promotion domestic and international, “China’s economic resilience and vitality will also provide opportunities and space for the common development of global industries. As China becomes more open to the outside world, import and export trade will become increasingly active, and the enormous potential of the Chinese market will inject new vitality into global economic development.
Huang Meilun, Chairman of SWIFT China, believes that the development of economic globalization has so far created a mutually dependent and interdependent pattern of interest in major global markets. The continuous opening up and stable development of the Chinese market are essential for the development of the global economy, especially in today’s global economy. In the context of the impact of the epidemic, the major economies must work together to overcome difficulties. (Finish)
