World Economic Forum 2018: China reveals top-level planning of economic policy at Davos forum
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We begin with the World Economic Forum in Davos. Klaus Schwab, founder and executive chair of the WEF, welcomed China's top economic advisor, Liu He. In a speech, the Chinese official elaborated on the top-level planning for China's economic policies in the coming years. This year marks the 40th anniversary of China's reform and opening-up drive, which played a significant role in China's robust growth over the past four decades. Liu said China will advance reform and open up at a faster pace, with new policies that will exceed international expectations.
LIU HE, GENERAL OFFICE DIRECTOR CHINA'S FINANCIAL & ECONOMIC AFFAIRS CENTRAL LEADING GROUP "President Xi has made relevant decisions which will focus on four areas. First is opening up the financial sector. Second is the opening up of the manufacturing sector and service industry. Number three is the protection of property rights, especially intellectual property. And the last one is the increase of imports."