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

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DAVOS, Switzerland: China welcomes foreign investment and will continue to open up to the world, its Vice-Premier Liu He said on Tuesday (Jan 17), in an explicit pitch to global leaders in Davos as Beijing works to revive its slowing economy. The visit by China's economic tsar to the World Economic Forum's

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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