Liu He, the principal architect behind the economic reform that has been the driving force behind four decades of robust growth, has reiterated China’s commitment to more inclusive and market-oriented polices going forward that will provide ample opportunities for economies across the world.
Speaking in Davos on Wednesday, the second day of the World Economic Forum (WEF), Liu, who is the director of the General Office of the Central Leading Group for Financial and Economic Affairs, said that as China’s priorities shift towards quality-driven growth and sweeping industrial upgrade, it will adhere to the promise of integrated development.
Liu said the three key tasks for the world’s second-largest economy in the coming years will be preventing major financial risks, fighting pollution and eradicating poverty -- critical battles that require global support and will have a knock-on effect across the world.
2018 marks the 40th anniversary of the reform and opening up policy, the decision that created China’s growth miracle. China will celebrate this milestone by rolling out new reforms, primarily in four areas: Greater access to the financial sector; adopting national treatment and negative list approaches in many manufacturing sectors; heightening protection of intellectual property rights and increasing imports. #ChinaNewEra
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