President Xi vows to expand opening-up in comprehensive way
Updated 13:18, 14-Oct-2020

China will continue the comprehensive expansion of opening-up and accelerate building an open world economy, said Chinese President Xi Jinping on Wednesday at a celebration event in south China's Shenzhen Special Economic Zone (SEZ) marking the 40 years of China's first SEZ.

Xi said that, in face of the coronavirus epidemic, the new development pattern should not be an enclosed domestic circulation but an open and dual circulation, with both domestic and international economic approaches.

He pointed out the need to explore a more flexible policy system and a more scientific management system in domestic and international trade, investment and financing, fiscal and tax affairs, financial innovation and border entry and exit.

Xi also cited the importance of China strengthening cooperation with countries and regions along the routes of the Belt and Road, on multiple fronts and in various fields.

He also emphasized the importance of safety in the process of opening up, and to strengthen the country's competitiveness, regulatory capacity and risk management abilities.