Xi: We are optimistic on the future of China's economy

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Chinese President Xi Jinping on Wednesday promised non-stop effort in reform and opening up and commitment to an open economy. Xi vowed to shift China's economy into the new era from high-speed growth to high-quality development, from an expansion in quantity to improvement in quality.

"We are optimistic about the prospect of China's economy," said Xi when holding discussions with representatives of entrepreneurs from home and abroad, who gathered here for the annual conference of the Boao Forum for Asia (BFA).

China will not stop its efforts to expand opening up and reform, nor will it close its doors to the outside world, Xi said.

Chinese President Xi Jinping makes keynote speech at the opening ceremony of the Boao Forum for Asia on April 10, 2018 in Boao, Hainan Province. /Xinhua Photo

Xi reiterated China's commitment to an open world economy, vowing more contribution from China to the development of Asia and the rest of the world.

The president encouraged countries around the world "to come aboard the express train of China's economy and share benefits from its reform, opening up and development."

"China will foster a more relaxed and orderly environment for entrepreneurs from home and abroad to make investments and start businesses," said Xi, calling on entrepreneurs to seek better development amid China's new journey of reform and opening up.

While stressing that anything under the Belt and Road Initiative has been "operated under sunshine," Xi said. "China seeks no exclusionary blocs and imposes no business deals on others."

The president said China was promoting the drawing of a blueprint for the East Asia Economic Community, and advancing the building of the Free Trade Area of the Asia-Pacific.

‍Myron Brilliant (R), executive vice president of the US Chamber of Commerce, talks to CGTN Digital in Boao in south China's Hainan Province, April 10, 2018. /CGTN Photo‍

More than 70 representatives of entrepreneurs from home and abroad attended the discussion, including Chairman and CEO of Thailand's largest private company Charoen Pokphand Group Dhanin Chearavanont, Chairman of China's state-owned Cosco Shipping Group Xu Lirong, and Executive Vice President of US Chamber of Commerce Myron Brilliant.

The representatives said they were inspired by a series of new major measures for expanding reform and opening up, which were announced by President Xi at the opening ceremony of the BFA annual conference and sent a positive message on advancing globalization.

China's intensity on opening up and reform is unprecedented and its development brings continuous and sound development prospects for foreign investment, they said.

The representatives said they are willing to grasp the opportunity, actively participate in China's opening up and reform, and jointly build the Belt and Road, so as to achieve better development of the enterprises and jointly promote the Asian and world economy toward prosperity.

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Source(s): Xinhua News Agency