Davos 2023: China reopens its doors with investment pitch to global elite

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China's Vice-Premier Liu He welcomed foreign investment and declared his country open to the world on Tuesday after three years of pandemic isolation.

Liu's explicit pitch to global leaders gathered in Davos made it clear China wants international investors to play a key role in Beijing's attempts to revive its slowing economy.

That policy also cut off China from the rest of the world for the past three years, stifling foreign investment. And in November, Chinese President Xi Jinping and U.S. 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."

 

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