World Economic Forum 2018: The mastermind of China's economic policy speaks at Davos

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Our top story - the World Economic Forum in Davos. Chinese official, Liu He, Director of the General Office in the Central Leading Group for Financial and Economic Affairs, made his keynote speech about China's future development and reform priorities. Wang Yuan has more.

Welcomed by Klaus Schwab, founder and Executive Chairman of World Economic Forum, Liu He, a high-ranking Chinese official in economic affairs shared his perspective on China's future economic development.

LIU HE, DIRECTOR OF GENERAL OFFICE CENTRAL LEADING GROUP FOR FINANCIAL, ECONOMIC AFFAIRS "At such a stage of development, China needs to put more emphasis on structural improvement rather than quantity expansion."

Liu says China's main tasks include preventing and resolving risks, conduct targeted poverty reduction and control pollution.

LIU HE, DIRECTOR OF GENERAL OFFICE CENTRAL LEADING GROUP FOR FINANCIAL, ECONOMIC AFFAIRS "Green and low carbon development is what the Chinese people and people across the world want the most."

Liu He says China will continue to advance reform and opening up, as well as encourage global competition.

LIU HE, DIRECTOR OF GENERAL OFFICE CENTRAL LEADING GROUP FOR FINANCIAL, ECONOMIC AFFAIRS "We will further integrate with international trade rules and ease market access. We'll also substantially open up the service sector, the financial sector in particular, and create a more attractive investment environment."

Last year in Davos, Chinese president Xi Jinping positioned himself as firmly in favor of globalization. And the same message was delivered this year.

LIU HE, DIRECTOR OF GENERAL OFFICE CENTRAL LEADING GROUP FOR FINANCIAL, ECONOMIC AFFAIRS "Over the past year, in line with the propositions of President Xi, China has stood firm against all forms of protectionism."

In his remarks, Schwab says China's future is intrinsically linked to the fate of the global economy marked ever increasingly by protectionism and the looming threat of trade wars. But China is willing to connect and cooporate the world to solve global issues together.