The president of ChinaXi Jinpingcommitted to promoting the opening and improvement of the business climate in the Asian giant, which resonated at the recent economic summit taking place in San francisco Californiawhere he promised broader measures to attract investors foreign.
In a key message addressed to the CSummit of Executive Directors of the Asia-Pacific Economic Cooperation Forum (Apec), Xi reaffirmed China’s determination to develop a market-oriented business environment in line with international standards.
“Regardless of global challenges, China’s resolve to cultivate a business environment based on law and world class will remain constant“Xi expressed in his written statement, transmitted from San Francisco during the summit.
The Chinese leader also emphasized the continuation of his country’s policy of providing equitable and high-quality services to foreign investors. “Our policy of offering equivalent and excellent services to foreign investors will remain unchanged.“, he claimed.
Xi’s speech focused on the promise of facilitating foreign business in China, pledging to create a world-class enabling environment and strengthen mechanisms to safeguard rights of international investors.
Xi’s strategy to attract investors
Among the measures he mentioned Xi includes improvements to entry procedures and permanence for foreigners in China, as well as the elimination of obstacles in financial services, health care, electronic payment systems and other relevant areas.
The challenging operating environment in China has led many foreign companies to diversify outside their borders. Abrupt changes in policies,Restrictions due to the COVID-19 pandemic and the tightening of national security measures have affected confidence and stability for foreign investors in the Asian country.
Geopolitical tensions, particularly between China and the United States, have added uncertainty to the situation, with trade restrictions imposed by Washington on its Chinese competitor. Besides, Beijing’s uneven economic recovery, hit by persistent real estate crisishigh rates of youth unemployment and declining consumer confidence, has a full impact on the global perception of investment in the country.
At this summit, Xi Jinping He spoke directly about the Chinese economy, trying to present his nation as a peaceful actor and showing a willingness to ease tensions with Washington. His meetings with hundreds of executives and his meeting with the American president Joe Biden were marked by this purpose of softening bilateral relations and underline China’s commitment to a business environment attractive to foreign investors.
Source: Ambito
