China's Xi Promises More Market Openness and New Investments for Belt and Road Projects

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Chinese President Xi Jinping promised greater access to China's market for international firms and new financing exceeding $100 billion for other developing economies as he opened a forum Wednesday on his signature Belt and Road infrastructure policy.The initiative has...

BEIJING — Chinese President Xi Jinping promised greater access to China’s market for international firms and new financing exceeding $100 billion for other developing economies as he opened a forum Wednesday on his signature Belt and Road infrastructure policy.

“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.

On Tuesday, Putin met with Hungarian Prime Minister Viktor Orbán, who is the sole government leader attending from the European Union. Their meeting was a rare instance of the Russian president meeting a European leader since the start of Russia’s war in Ukraine in February 2022.

 

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