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Wang Yi: China Will be a Force for Stability in Promoting Global Growth

2024-02-18 23:00

On February 17, 2024 local time, Member of the Political Bureau of the CPC Central Committee and Foreign Minister Wang Yi attended the Munich Security Conference and delivered a keynote speech during the "Conversation with China" session, stressing that China will be a force for stability in promoting global growth.

Wang Yi said, China's economy, as vibrant and resilient as ever, is showing a more robust momentum of long-term growth. Last year, it grew by 5.2 percent, accounting for one-third of global growth. As China grows rapidly into the world's largest market, it will bring more dividends to the rest of the world. It is generally accepted in the global business community that "the next China is still China".

Focusing energy on realizing Chinese modernization is the biggest political consensus of the Chinese people right now. Seeking faster progress in high-quality development is of paramount importance for China in the new era. As President Xi Jinping articulated, China will only open its door even wider to the world. China will continue to expand institutional opening up, shorten the negative list on foreign investment, and foster a more market-oriented, law-based business environment up to international standards for companies from Europe and from all over the world. Now China has mutual visa exemption arrangements with 23 countries and applies unilateral visa-free policy to multiple European countries. China will continue to provide more facilitation for people from around the world to invest, travel and study in China.

Today, rejecting decoupling has become an international consensus. More people have come to realize that the absence of cooperation is the biggest risk. Those who attempt to shut China out in the name of de-risking will make a historic mistake. Wang Yi said, "The world economy is like a big ocean that cannot be cut into isolated lakes. The trend toward economic globalization cannot be reversed. We need to work together to make globalization more universally beneficial and inclusive so that more countries and people can benefit from the process."

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