Davos 2023: China open to the world says Vice-Premier Liu in investment pitch

DAVOS, Switzerland: China welcomes foreign investment and will continue to open up to the world, its Vice-Premier Liu He said on Tuesday , in an explicit pitch to global leaders in Davos as Beijing works to revive its slowing economy.

"China will always promote all-round opening up, and improve the level and quality of opening up," Liu said in a speech that mentioned strengthening international cooperation and maintaining world peace 11 times. The visit by the high-level Chinese delegation to Davos also contrasted with the conspicuous absence at the event of Russia, a key ally whose invasion of Ukraine China has refused to condemn. It also reflected Beijing's increased engagement with other countries in recent weeks.after a change in Australia's government, paving the way for China to resume imports of Australian coal after a three-year halt.

At Davos, Liu will meet leaders from other countries and members of the business community including CEOs from finance, tech, consumer and industrial companies, a Chinese official familiar with the matter told Reuters.

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