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China pledges more economic openness
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Economy News _ Baghdad Chinese President Xi Jinping said in a speech to the General Conference of the Communist Party of China (CPC) in Beijing on Wednesday that his country's economy would "not close" to the world, but on the contrary "open more," pledging to treat foreign companies as "fair." "The system will protect the legitimate rights and interests of foreign investors and all foreign companies registered in China will be treated equally and fairly," Xi said in his speech. The remarks came as Beijing faces charges from its trading partners of protectionism and discriminatory policies against foreign companies. In January 2017, Xi Jinping surprised the world by calling for globalization to show its benefits to the World Economic Forum in Davos, stressing that China would "keep its doors open" to the protectionist tendencies of the United States under President Donald Trump. The EU Chamber of Commerce in Beijing announced in September that European companies "are fed up with these promises, and they are well aware of these commitments, which never materialize." He called on the communist regime to carry out "concrete actions instead of words" Press ". Foreign companies are prohibited from working in many sectors, while in other sectors it is necessary to establish partnerships with local companies, which forces them to transfer technology so that they can operate in China |
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