(2020 Service Council) Xi Jinping's speech under special international environment re-interprets China's determination to expand opening

  China News Service, Beijing, September 5th, title: Xi Jinping's speech under the special international environment re-interprets China's determination to open up

  China News Agency reporter Xia Bin

  "Looking at the future, open cooperation in the service industry is increasingly becoming an important force to promote development." Chinese President Xi Jinping said in a speech at the 2020 China International Service Trade Fair Global Service Trade Summit on the 4th.

  Since the beginning of this year, the international environment has been turbulent, unstable situations have spread, and uncertainty has risen over the world.

On the one hand, the global new crown pneumonia epidemic has not yet been fully controlled, and the impact of the epidemic has plunged the economy into a deep recession; on the other hand, economic globalization has encountered a countercurrent, and protectionism and unilateralism prevail in some countries.

  In his speech, Xi Jinping stated that China will unswervingly expand its opening to the outside world, establish a sound cross-border service trade negative list management system, promote the establishment of a pilot open platform for the innovative development of service trade, continue to relax market access for the service industry, and actively expand imports of high-quality services.

  In an interview with a reporter from China News Service, a number of executives of multinational companies participating in this session of the Service Trade Fair stated that Xi Jinping’s speech once again released China’s determination to expand its opening up. China’s increased openness will help countries around the world expand trade and investment cooperation with China. Sharing China's development dividend creates more opportunities.

  Open to the outside world

  "Under the background of the epidemic, the global capital market, economic development and business environment are all facing great challenges. China has demonstrated strong economic development resilience and provided strong support for foreign-funded enterprises in China." Deutsche Bank (China) Co., Ltd. Yin Zhen, president of the Beijing branch, said that the holding of this service trade fair is the first large-scale international business event held in Beijing since the outbreak. It can create new business opportunities for companies in various fields and help boost corporate confidence. It also shows China's determination to keep opening up.

  PwC Asia Pacific and Greater China Chairman Zhao Baiji bluntly stated that in the current fight against the epidemic, China's holding of the Trade Fair is of great significance.

The 2020 Service Trade Fair will release a positive signal of China's adherence to economic globalization and strengthening international economic and trade cooperation. It will also help global service trade companies to strengthen international exchanges, obtain new orders, and expand new markets, which will help reduce the impact of the epidemic and promote economic recovery. To a positive effect.

  At the same time, running this year's Service Trade Fair will help show to the world China's unswerving belief and determination to open up to the world under the current international and domestic situations, and will help promote China's opening up to a higher level.

  Open to attract foreign investment

  A series of opening-up measures launched by China in recent years are becoming a huge "magnet", attracting foreign capital to continuously increase investment in the Chinese market, creating a large number of international cooperation and global orders.

  Lai Minglong, general manager of AstraZeneca China, said that China has successively promulgated the Foreign Investment Law and the "Comprehensive Deepening of Service Trade Innovation and Development Pilot Program" to optimize the market business environment, continue to open to the outside world, and encourage foreign capital to enter the Chinese market, achieving excellence. Effectiveness.

  China has become one of the most attractive investment host countries in the world and AstraZeneca's second largest market in the world. AstraZeneca has invested US$1 billion in China to establish a global R&D center, production and supply base, and innovation center.

  Yin Lei, Head of Asia Pacific and China Onshore Business of UBS Asset Management, pointed out that in the past few years, China’s opening-up measures have made remarkable progress, including the Shanghai-Hong Kong Stock Connect mechanism, the Shenzhen-Hong Kong Stock Connect mechanism, the inclusion of A shares in the MSCI Emerging Market Index and FTSE Russell. Global stock indexes and Chinese bonds are included in the Bloomberg Barclays Global Composite Index.

"We believe that China's financial opening to the outside world will accelerate the integration of China's capital market into the global financial system, and it is also attracting more and more foreign capital to participate in it."

  Inject new vitality into the world

  Under the background of economic globalization, the economies of various countries are interdependent, and China, which is recovering earlier in the impact of the epidemic, has the ability to contribute to the return of the global economy on track.

Service trade is where the world's economic growth potential lies, and it is also the new engine of the world economy.

  Meng Pu, chairman of Qualcomm's China region, believes that the current service trade fair has built a platform for exchanges and cooperation for global service trade, and through the new development pattern of "domestic and international dual-cycle mutual promotion", China's economic resilience and vitality will also Provide opportunities and space for common development for global industries.

As China further opens up to the outside world, import and export trade will become more and more active, and the huge potential of the Chinese market will inject new vitality into global economic development.

  Huang Meilun, President of SWIFT China, believes that the development of economic globalization has so far created a mutually dependent and interdependent interest pattern in major global markets. The continuous opening and stable development of the Chinese market is critical to the development of the global economy, especially in the current global economy. Under the background of the impact of the epidemic, major economies need to work together to overcome the difficulties.

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