Chinese Vice Premier Liu He said today that “China it will open up more and more to the world” dismantled the “zero covid” policy that heavily weighed down economic activity.
“China will open up more and more to the world. We will focus on expanding domestic demand, but we will keep supply chains running and attract foreign investment to boost the private sector, ”said the official during his speech at the Davos Forum.
Liu He, Vice-Premier of the People’s Republic of China, outlines the country’s vision for 2023, focusing on progress and stability.
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Liu stressed that China grew by 3% last year, which allowed it to “maintain the stability of jobs and companies.” Regarding the post-pandemic situation, he assured that China is moving to a more lax policy regarding COVID-19 and “it is a sign of reopening.”
He also stressed that the country is making efforts to promote a new model of solid and high-quality development. “We will focus on expanding domestic demand and rebalancing the economy. We are confident that in 2023 China’s growth will return to its usual growth trend. We expect the economy to improve.”
The politician added that “China will oppose unilateralism and protectionism,” although at the same time he stressed that the government wants to “promote fair competition, opposing monopolies.”
“We must support the rule of law and protect property rights under the law. We must create a market-oriented business environment, but with a strong legal framework,” he noted.
“China has to continue to prosper and there will be opportunities for everyone. Entrepreneurship is and will be a key factor in generating wealth. Entrepreneurs, Chinese and foreign, will play an important role in making prosperity as common as possible for all,” she said.
Likewise, Liu stressed the importance of “maintaining the international economic order” and for that “it is necessary to abandon mentalities typical of the Cold War.”
“International coordination must be strengthened and a good balance between inflation and growth found. Inflation is due to different factors. Regardless of demand, we must maintain supply and preserve food security. We cannot add more debt risks to emerging countries”, he indicated.
China will “look for solutions” to developing countries’ debts, and will continue to “make contributions” on climate change, the official said.
This Tuesday, the Asian country announced that its gross domestic product (GDP) grew by 3% in 2022, one of the lowest rates in recent decades.
Climate activists occupy an airfield in protest against the Davos Forum
The commercial opening of China and the war in Ukraine are the focus of the start of the Davos forum, which brings together the world’s economic and political elite every year in Switzerland, and where the “new road map” in Brazil will also be discussed.
The world forum, which has been held since 1971 and symbolizes many of the excesses of globalized capitalism, will be guarded by military planes and 5,000 soldiers to guard the nearly 2,500 participants, according to Swiss government data.
With information from Afp and Efe.
