China
20:23, 10-Nov-2017
Xi at APEC: China won't stop opening up to the world
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Chinese President Xi Jinping called for more efforts to build the Free Trade Area of the Asia-Pacific (FTAAP) on Friday during his keynote speech at the 25th Asia-Pacific Economic Cooperation (APEC) CEO Summit in Da Nang, Vietnam.
To achieve that, China will increase its input into innovation, nurture new driver growth, enhance connectivity with Asia-Pacific countries and, more importantly, strengthen its opening up effort.
"China will not stop the pace of opening up to the world, and making it a larger and more comprehensive market in the coming 15 years," said Xi.
He said China will significantly ease market access restrictions and treat all foreign businesses in the country as equals, with the launch of the Belt and Road Initiative providing the Asia-Pacific region with a broader, more vigorous cooperation platform.
China is estimated to import 24 trillion US dollars' worth of goods in the next 15 years, attract 2 trillion dollars' of inbound direct investment and make 2 trillion dollars' of outbound investment during the same period, according to Xi.
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