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China will keep its economic policy vigorous, targeted, reasonable and appropriate and will not introduce super stimulus measures and monetary easing to achieve “excessively higher” growth target, said Chinese Premier Li Keqiang on Wednesday.
The country will maintain consistence of the macro economic policy and continue to help market entities to address difficulties in a bid to keep the foundation of the economic development intact, said Li at the World Economic Forum Special Virtual Dialogue with Global Business Leaders.
Li said that China is willing to strengthen international cooperations on epidemic containment and will make its epidemic control measures more targeted and precise under the premise of ensuring safety against Covid infections.
The country will continue to optimize policies on visa and quarantine rules, further recover and increase international passenger flights in an orderly way, steadily promote cross-border commercial, trade and business-related activities and better promote cross-border people-to-people exchanges and cooperations, Li added.
Li met virtually with Executive Chairman of the World Economic Forum (WEF) Klaus Schwab, saying that China will stay committed to the fundamental national policy of opening-up, and will work with all parties to intensify dialogue and communication to create conditions for win-win cooperation of mutual benefit.
“China’s market is also the world’s market. China will continue to pursue all-round opening to both developed and developing countries, work with other parties to uphold the multilateral trading regime with the WTO at its core, and promote free trade and fair trade,” the premier said.
“In growing trade, frictions and disputes are inevitable. We need to seek common ground and properly handle differences, to keep industrial and supply chains secure and stable,” Li said.
The premier vowed continued efforts to create a market-oriented, law-based and globalized business environment, and to guarantee foreign businesses legitimate and equal access to opening areas.