Li Keqiang Commits to Free Trade, Says Opening up of Chinese Economy is “Fundamental National Policy”

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Premier Li Keqiang has reiterated China’s commitment to further opening up of its economy and its integration with the rest of the world.

“The Chinese economy is already deeply integrated with the world, and external opening is China’s fundamental national policy,” Li said during a virtual meeting with the Klaus Schwab, Executive Chairman of the World Economic Forum (WEF), held on 19 July.

“China’s development cannot do without the world and the world’s development also cannot do without China. We will deepen high-level external opening, uphold free trade and fair trade, and drive multi-lateral and regional trade cooperation.”

Li also committed to “continuing to create a market-based, rule-of-law based and internationalised commercial operating environment” within China, which will “ensure that foreign enterprises can lawfully and equally enter opened up sectors, and achieve mutual benefits and joint-victory amidst fair competition.”