Beijing, 8 December 2021 (TDI): China visualizes the expansion of opening-up and sharing new opportunities for development across the globe, said Chinese Premier Li Keqiang on Monday.
The remarks from the Prime Minister came at the sixth “1+6” round table with heads of major international economic organizations. The summit was held virtually due to the limitations imposed because of the Covid-19 pandemic.
During the conference, Li Keqiang also noted the deep integration of the Chinese with the world economy. China wishes to open its doors further widened in pursuing development, he said.
The conference also allowed him to recollect about the 20th anniversary of China’s entry into the World Trade Organization (WTO). Over the years, China had achieved its development and benefits along with strictly observed rules and fulfilling the commitments.
Li Keqiang stressed over his assessment to do not go after the trade surplus with balanced development of exports and imports. China is an easily approachable market for investors he added with noting that his country is the world’s second-largest import market for 12 consecutive years.
The Prime Minister further added that multiple items on the market access of foreign investment have been cut in recent years. China will issue a newly revised list in a few days, he claimed.
Regional Comprehensive Economic Partnership
While discussing the RCEP, Li noted that China is an active part of regional economic cooperation. China also facilitated the Regional Comprehensive Economic Partnership Agreement (RCEP) early next year.
According to the Chinese Premier, RCEP is a platform that shapes the world’s most promising free trade area. It also involves the largest population and biggest scale of the trade, he added.
China has applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership CPTPP. Along with that the country also seeks to join the Digital Economy Partnership Agreement (DEPA).