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Davos 2023: China Reopens Its Doors with Investment Pitch to Global Elite
This is the China focus topic: Liu He at Davos, for advanced level students
Chinese Vice-Premier Liu He said the country is returning back to normality faster than expected, projecting a rosy picture for this year despite recording the second-lowest annual growth figures in more than 40 years.
Liu also said China would stick to its socialist market economy and remain open to foreign businesses, adding that it would never return to a planned economy.
Liu was speaking at the World Economic Forum in Davos, where he is due to meet US Treasury Secretary Janet Yellen on Wednesday. Liu, President Xi Jinping’s top economic adviser, is also expected to seek further economic coordination with other leading economies.
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