China’s ambassador to US: China is opening doors and building bridges as he discussed the outcomes of the third plenary session of 20th Central Committee of CPEC.
Chinese Ambassador to the United States, Xie Feng, recently highlighted that while some nations are closing off, building barriers, and pursuing decoupling, China is choosing a different path—remaining open, constructing more bridges, and sharing its development benefits globally.
In an interview with Newsweek, Xie discussed the outcomes of the third plenary session of the 20th Central Committee of the Communist Party of China (CPC), emphasizing that openness is a key feature of China’s modernization efforts, with the plenum introducing specific measures to enhance this openness.
Referencing a Chinese poem about bamboo, Xie emphasized China’s resilience and commitment to openness, regardless of global changes. He stated that China is determined to continue embracing the world and hopes for reciprocal openness from the international community.
Xie outlined China’s plans to reduce restrictions on foreign investment by shortening the negative list, eliminating market access barriers in manufacturing, and fully applying the negative list for cross-border trade in services.
Xie added that China will further expand its openness by aligning with high-standard international economic and trade rules, creating a transparent, stable, and predictable institutional environment.
He also mentioned that China will independently widen access in sectors such as telecommunications, the internet, education, culture, and healthcare.
The ambassador assured that China will ensure a level playing field for both domestic and foreign-invested enterprises, guaranteeing equal treatment in areas such as access to production factors, license applications, and government procurement.
Market and Growth Opportunities from open China
Xie stated that a more open China will offer greater market and growth opportunities to the world, with international investors already taking advantage of this trend.
In the first half of the year, China saw a 14.2% rise in new foreign-invested companies, totaling nearly 27,000. Foreign investment in actual use reached nearly 500 billion yuan, reflecting a strong performance over the past decade.
Xie noted significant investments from companies like Tesla, Apple, and BMW, highlighting their growing presence and commitment in China, with quick deal negotiations and expansions in R&D.
Citing a report by the China Council for the Promotion of International Trade, Xie mentioned that over 40 percent of surveyed foreign-invested companies find China’s market increasingly attractive, with nearly 50 percent expecting higher profits within the next five years, particularly among American firms.
These developments, according to Xie, demonstrate that China is not only a global manufacturing hub but also a major market, increasingly associated with innovative and smart products.
Xie concluded by reaffirming China’s role as a key driver of global growth and an undervalued investment destination, inviting more businesses to invest, commit, and grow alongside China.
Related Posts
