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Wang Yi: China Is Determined to Further Open up This Year

2018-12-11

On December 11, 2018, State Councilor and Foreign Minister Wang Yi attended and addressed the opening of Symposium on the International Situation and China's Foreign Relations in 2018.

Wang Yi said that contributing to China's wider opening-up has been an overarching theme of China's diplomacy in 2018. This year marks the 40th anniversary of reform and opening-up. China is determined to further open up while deepening reforms. Facing the headwinds of protectionism, unilateralism and acts of bullyism, China has remained a staunch supporter for globalization, for multilateralism, and for the free trade system. From hosting multilateral events to attending international conferences in 2018, China conveyed a clear, consistent message of its commitment to wider opening-up by outlining new policies and concrete measures, thus standing firm on the right side of history.

The Boao Forum for Asia held early this year sounded the clarion call for China's new round of opening-up. In his keynote speech at the opening ceremony of the annual conference, President Xi Jinping stated loud and clear that China's door of opening-up will not close but open even wider. He went on to announce a series of major steps of opening-up, including significantly widening market access, fostering a more attractive investment environment, strengthening the protection of intellectual property and proactively expanding imports. The resounding message in President Xi's speech, consistent with what he laid out in Davos and Geneva last year, speaks to China's determination to deepen reform and expand opening-up in the new era.

In November, China successfully hosted the first China International Import Expo (CIIE). As the world's first national-level expo devoted to imports, the CIIE is no less than a pioneering undertaking in the history of global trade. As many as 172 countries, regions and international organizations participated, including the 3,600-strong overseas companies setting up booths and the over 400,000 buyers from home and abroad. In just a few days' time, various deals worth nearly US$60 billion were sealed. At the opening of the CIIE, President Xi Jinping further announced major steps of opening-up in five respects. The CIIE is another concrete action by China to demonstrate its firm support for an open world economy and its sincere desire to open its market for shared development opportunities.

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