Liu He, the principal architect behind the economic reform that has been the core driving force behind four decades of robust growth, has reiterated China’s commitment to more inclusive and market oriented polices going forward, providing ample opportunities for economies across the world.

Speaking in Davos on Wednesday, the second day of the World Economic Forum (WEF), Liu, who is  the director of the General Office of the Central Leading Group for Financial and Economic Affairs, said that as China’s priorities shift towards quality driven growth and sweeping industrial upgrades, it will adhere to the promises of integrated development.

Liu said, the three key tasks for the world’s second largest economy the coming years will be preventing major financial risks, fighting pollution and eradicating poverty -critical battles that require global support and will have a knock on effect across the world.

2018 marks the 40th anniversary of the reform and opening up policy, the decision that created China’s growth miracle. China will celebrate this milestone by rolling out new reforms, primarily in four areas: Greater access to the financial sector; adopting national treatment and negative list approaches in many manufacturing sectors; heightening protection of intellectual property rights, and increasing imports.

This year China will hold its first import expo, with over 120 nations interested in participating. Though new polices for this year are still being deliberated, Liu says that the scope and impact of many of them will exceed expectations.

Liu said China is against all forms of protectionism and that China’s main task is to advance structural reform. The positive spillover of the country’s supply-side reform is being felt all around the world. 

His words echoed Chinese President Xi Jinping’s speech at Davos last year, which was in favor of globalization and cooperation.