Good Sign of Win-Win Benefit to Foreign Business After Pandemic

Get economy back on track

Chinese premier Li Keqiang on Tuesday assured the foreign business community that the country will efficiently coordinate COVID-19 containment and economic and social development, and strive to get the economy back on track.

He also met virtually with Executive Chairman of the World Economic Forum (WEF) Klaus Schwab on Tuesday, saying that China will stay committed to the fundamental national policy of opening-up, and will work with all parties to intensify dialogue and communication to create conditions for win-win cooperation of mutual benefit, the Xinhua News Agency reported.

China's market is also the world's market

"China will continue to pursue all-round opening to both developed and developing countries, work with other parties to uphold the multilateral trading regime with the WTO at its core, and promote free trade and fair trade," the premier said in remarks to the Special Virtual Dialogue with Global Business Leaders hosted by the WEF late Tuesday, according to Xinhua.

In growing trade, frictions and disputes are inevitable. We need to seek common ground and properly handle differences, to keep industrial and supply chains secure and stable.

Nearly 400 business executives from more than 50 countries took part in the virtual dialogue, according to Xinhua.

Efforts to create a market-oriented, law-based and globalized business environment, and to guarantee foreign businesses legitimate and equal access to opening areas.

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International flights and cross-border?

The country will aim for more precise and scientific COVID-19 prevention and control on the basis of ensuring virus control safety, and continued improvement of visas, testing and other containment policies, he went on to say, pledging to recover and increase international passenger flights and steadily push for outbound business and cross-border work activities.

China  may shorten the quarantine period to 3 days at a minimum and impose more precise anti-epidemic restrictions, as part of its efforts to optimize the COVID-19 response, health authorities said on Thursday amid Omicron BA.5 subvariant-dominated outbreaks in at least 20 Chinese provinces and regions.

The fresh message of reassurance apparently ratchets up optimism about multinationals playing a more vibrant part in revving up the economy, experts and market participants believe. 

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SOURCE: Xinhua News, Global Times. 

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