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Xi stresses China upholds true multilateralism
2021-12-06 11:19  

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President Xi Jinping reiterated on Thursday China's resolve to open wider at a high standard and its determination to share development opportunities with the rest of the world, saying that opening-up is the hallmark of contemporary China. He also said that China will not change its commitment to an economic globalization that is more open, inclusive, balanced and beneficial for all. The president called on the international community to stay on top of the prevailing trend of economic globalization, and support countries around the world in opening up wider while rejecting unilateralism and protectionism.

Since the start of the COVID-19 pandemic, China has provided the international community with some 350 billion masks, over 4 billion protective suits, more than 6 billion testing kits and over 1.6 billion doses of vaccines, noting that these are concrete actions China has taken to honor its commitments and fulfill its responsibilities.

As this year marks the 20th anniversary of China's accession to the World Trade Organization, Xi said that the past two decades have witnessed China deepen reform and pursue all-around opening-up, seize opportunities, rise to challenges, step up to its responsibilities and benefit the whole world.

Noting that the multilateral trading regime is currently facing challenges, Xi said that China supports WTO reform moving in the right direction and will have an active and open attitude in negotiations on issues such as the digital economy, trade and the environment, industrial subsidies and State-owned enterprises. China will put more emphasis on expanding imports and pursuing the balanced development of trade. He announced that China will open more demonstration zones for the creative promotion of import trade.

China will revise and enlarge the encouraged industry catalogue to guide more foreign investment toward sectors such as advanced manufacturing, modern services, high and new technology, energy conservation and environmental protection. To uphold the common interests of the world, China will also actively join in global efforts to tackle climate change and safeguard food and energy security, and provide more assistance to fellow developing countries within the framework of South-South cooperation.

President Xi's speech again demonstrates China's firm determination to continue its opening-up journey. China has been carrying out higher-level opening-up with the pursuit of win-win collaboration, which is set to bring new vigor to the global economy.

China Daily 2021-11-05

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