As the global economic recovery faces significant headwinds amid rising geopolitical risks, China is doubling down on high-standard opening-up, offering multinational corporations something that has become increasingly scarce: market stability, policy predictability and a vast consumer base, officials and experts said.
"The global economy is undergoing profound adjustments, and the uncertainty around the recovery is rising," Vice-Minister of Commerce Yan Dong said at a news conference on Tuesday. "At the same time, a new wave of technological and industrial transformation is accelerating."
"New growth drivers such as the digital economy, green and low-carbon development, and advanced manufacturing are booming. The willingness of global companies to seek stable markets, a quality business environment and long-term cooperation has never been stronger," Yan said.
China is doubling down on its commitment to high-standard opening-up, releasing the dividends of its supersized market and stepping up efforts to attract and utilize foreign capital, offering multinational corporations a solid institutional foundation and vast market space to deepen their roots and plan for the long term, Yan said.
