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Wang is seen as the face of Chinese President Xi Jinping, but he has not spoken to the public since December, despite having attended many high-profile events this year, according to South China morning post.
Speaking ahead of the 2020 Bund Conference in Shanghai via video on Oct. 24, Wang stressed that China will rely on domestic markets and increased creativity to fuel growth in the world’s second-largest economy. and a reduced focus on export-based growth and investment as before.
Wang said the contribution of domestic demand to economic growth has increased dramatically in recent years, stressing that China needs to use creativity and self-reliance as an “economic driving force” rather than relying on “international markets and resources,” according to the South China Morning Post.
Speaking to hundreds of foreign officials, businessmen, academics and diplomats, Wang said that China has entered a stage of high-quality development, and the country’s economy “has immense prospects.” , despite the impact of the Covid-19 pandemic.
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On the other hand, Wang said that China “is also facing an increasingly complex and serious external environment, and the problem of unbalanced and full development remains remarkable.” Wang said the Chinese government will increase reform and openness to remove barriers and ensure that the market plays an important role in resource allocation.
Beijing has long tried to dispel doubts about its business climate, concerns about tensions with the United States and the impact of Covid-19 through its efforts to strengthen industries such as fintech and openness. with more foreign investment.
Bund Conference 2020, designed to attract foreign investors. Guests at the three-day event, scheduled to close today Oct. 25, include former U.S. Treasury Ministers Robert Rubin and Tim Geitner, Bloomberg Chairman Peter Grauer, and Investment Bank Vice Chairman John Waldron. . Goldman Sachs.
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