Domestic demand is the fundamental driving force for China’s economic development, and it is an essential requirement for us to meet the people’s growing expectation for a better life.
This is the centerpiece of the system for improving property rights protection, and it will provide the biggest boost to the competitiveness of the Chinese economy.
The investment environment is like air, and only fresh air attracts more foreign capital. China used to rely mainly on providing favorable policies for foreign investors, but now we will have to rely more on improving the investment environment.
Past events prove that opening up has been key to China’s economic growth over the past 40 years and in the same vein, China can only achieve high-quality economic development in the future with greater openness.
We will enhance alignment with international economic and trade rules, increase transparency, strengthen property rights protection, uphold law-based governance, encourage competition, and oppose monopoly.