China's Xi promises more market openness and new investments for Belt and Road projects

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Chinese President Xi Jinping is promising greater access to China’s market for international firms and new financing exceeding $100 billion for other developing economies. He made the remarks at a forum on his signature Belt and Road infrastructure policy Wednesday.

Chinese President Xi Jinping delivers his opening speech on stage for the Belt and Road Forum at the Great Hall of the People in Beijing, Wednesday, Oct. 18, 2023. Chinese President Xi Jinping, left, and Russian President Vladimir Putin head to a group photo session at the Belt and Road Forum in Beijing Wednesday, Oct. 18, 2023.

“We will comprehensively remove restrictions on foreign investment access in the manufacturing sector,” Xi said, adding that China would further open up “cross-border trade and investment in services and expand market access for digital products,” as well as carry out reforms of state-owned enterprises and in sectors such as the digital economy, intellectual property rights and government procurement.

 

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