Beijing: As China stepping up, what it claims, “anti-monopoly regulation”, and cracks down of “unfair competition behaviours to uphold fair competition order”, the West is cynical about the Chinese moves. Some in the US are already reportedly saying that more robust market regulation measures by the Chinese government may heighten market risks.
China though claimed today that based on laws and precedents, such efforts are the common practice of managing economic activities in many countries. “This will fundamentally promote fair, orderly and sustainable growth and development of the Chinese economy, and will be good for the world economy in the long run,” Chinese Foreign Ministry Spokesperson Wang Wenbin said today, claiming that Chinese and foreign investors, business operators and consumers will eventually benefit from it.
“More and more international organizations and people from the economic community have said that they understood why these measures need to be taken and expressed their support,” he said.
China also made it clear that opening-up was its basic national policy “that will never waver”. Wenbin noted that as a matter of fact, China was making ever greater strides in opening-up at a high level.
Recently, President Xi Jinping announced that China will implement across the country a negative list for cross-border services trade and support Beijing and other localities in piloting the alignment of domestic rules with high-standard international free trade rules. The State Council issued measures to promote trade and investment facilitation and deepen reform and innovation in pilot free trade zones (FTZs), in an effort to enable trade, investment, international logistics and the financial sector to better serve the real economy.
The general plan for building a Guangdong-Macao in-depth cooperation zone in Hengqin and the plan to comprehensively deepen reform and opening up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone were released, setting new goals for developing new institutions for high-level opening-up and improving the business environment.
“I’d like to stress that China will, as always, provide better safeguards for foreign investors to do business in China. We will work with other parties to uphold openness and cooperation for mutual benefit, share development opportunities and jointly promote world economic recovery and growth,” Wenbin asserted.
– global bihari bureau
