DAVOS, Jan 17 —China’s Vice-Premier Liu He welcomed foreign investment and declared his country open to the world today after three years of pandemic isolation.
Liu made his speech as the release of new population data sounded an alarm on a demographic crisis with profound implications for the world’s second largest economy. At Davos, Liu is sitting down with CEOs of finance, tech, consumer and industrial companies, a Chinese official familiar with the matter told Reuters. He will also meet other world leaders.
And in November, Chinese President Xi Jinping and US President Joe Biden met on the Indonesian island of Bali where they agreed to follow-ups, including a planned visit to China by Secretary of State Antony Blinken in early 2023. “Liu He, on behalf of Xi, wants to clarify the policy confusion and misunderstanding, and to reassure the world China will continue the market-oriented reform and opening.”
But she cautioned that Chinese subsidies were restricting access to the clean tech sector for European companies.