In a written speech delivered to the Asia-Pacific Economic Cooperation (APEC) CEO Summit, President Xi Jinping emphasized China's dedication to accelerating the modernization of its industrial system and expanding market access. He pledged to take measures to make it easier for foreign companies to invest and operate in China, including improving policies on the entry and stay of foreign nationals and removing obstacles they face in various services sectors.
President Xi also expressed confidence in the promising future of the Chinese economy, citing its strong resilience, enormous potential, and ample room for maneuver. He highlighted China's role as the most powerful engine of global growth, contributing one-third of global growth this year. The president further emphasized that China remains a top investment destination, with the 'next China' being China itself.
Recent figures released by China's National Bureau of Statistics showed that the country's economic recovery continued to gain momentum in October. Retail sales grew by 7.6 percent year-on-year, while value-added industrial output accelerated to 4.6 percent. President Xi assured business leaders that China's resolve to foster a market-oriented, law-based, and world-class business environment remains unchanged despite changes in the international landscape. He emphasized China's commitment to providing equal and quality services to foreign investors, improving mechanisms for protecting their rights and interests, and strengthening intellectual property rights (IPR) protection.
President Xi stressed the importance of openness and inclusiveness in Asia-Pacific cooperation. He emphasized that development in the region has been achieved through open and inclusive cooperation, rather than antagonism or confrontation. Seeking common ground while shelving differences is the right way forward, according to President Xi. He called for upholding the purposes and principles of the UN Charter and maintaining dialogue and partnership rather than confrontation and alliance in order to ensure the prosperity and stability of the Asia-Pacific region.
Furthermore, President Xi highlighted the need for the region to embrace digital, smart, and green development. He called for joint efforts to improve global governance of science and technology, support green and digital transition, and create an open, fair, just, and nondiscriminatory environment for scientific and technological development.
New Title: President Xi Jinping Emphasizes China's Commitment to Modernization and Openness at APEC CEO Summit
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President Xi Jinping delivered a written speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit, highlighting China's strong dedication to accelerating the modernization of its industrial system and expanding market access. He expressed the government's determination to make it easier for foreign companies to invest and operate in China by implementing measures such as improving policies on the entry and stay of foreign nationals and removing obstacles they face in various service sectors.
President Xi also conveyed his confidence in the future of the Chinese economy, emphasizing its strong resilience, enormous potential, and ample room for maneuver. He proudly stated that China remains the most powerful engine of global growth and is expected to contribute one-third of global growth this year. Moreover, he echoed the sentiments of business leaders who believe that China has become the best investment destination and that the "next China" is still China itself.
Recent figures released by China's National Bureau of Statistics further supported President Xi's optimism. The data revealed that the country's economic recovery continued to gain momentum in October, with retail sales growing by 7.6 percent year-on-year and value-added industrial output accelerating to 4.6 percent. President Xi assured business leaders that China's commitment to fostering a market-oriented, law-based, and world-class business environment remains steadfast, regardless of changes in the international landscape. He emphasized that China will continue to provide equal and quality services to foreign investors, improve mechanisms for protecting their rights and interests, and strengthen intellectual property rights (IPR) protection.
President Xi also stressed the importance of openness and inclusiveness in Asia-Pacific cooperation. He emphasized that the region's development has been achieved through open and inclusive cooperation rather than antagonism or confrontation. Seeking common ground while shelving differences is the path to progress, according to President Xi. He called for upholding the purposes and principles of the UN Charter and maintaining dialogue and partnership to ensure the prosperity and stability of the Asia-Pacific region, avoiding geopolitical rivalry or a new cold war.
In addition, President Xi highlighted the necessity for the region to embrace digital, smart, and green development. He urged joint efforts to improve global governance of science and technology, support the transition to green and digital practices, and create an open, fair, just, and nondiscriminatory environment for scientific and technological development. These initiatives will contribute to the sustainable growth and prosperity of the region and the world at large.