Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission. Photo by: Xinhua/Li Gang
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission. Photo by: Xinhua/Li Gang

Chinese President Xi Jinping voices confidence in China's economy

By Xinhua Time of article published Jul 16, 2020

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The fundamentals of China's long-term sound economic growth have not changed and will not change, Chinese President Xi Jinping said Wednesday in a reply letter to global CEOs.

He also pledged that China will keep deepening reform and expanding opening-up, and provide a better business environment for the investment and development of Chinese and foreign enterprises.

Writing back to representatives of Global CEO Council members, Xi said he appreciates their firm confidence in China's peaceful and open development, their commitment to staying rooted in China, and their constructive suggestions on China's economic development.

China, he added, is dealing with the Covid-19 epidemic and socio-economic development in a coordinated manner, striving for a decisive victory in building a moderately prosperous society in all respects and eradicating poverty.

He said China will comprehensively implement major policies and measures aimed at ensuring the six priorities of employment, people's livelihoods, development of market entities, food and energy security, stable operation of industrial and supply chains, and smooth functioning at the community level, and ensuring stability in the six areas of employment, finance, foreign trade, foreign investment, domestic investment and market expectations.

China will foster new opportunities and create new prospects for Chinese and foreign enterprises, Xi said, adding that those CEOs have made the right choice to stay rooted in China.

In today's world, the interests of all countries are highly integrated, the human race is a community with a shared future that shares weal and woe, and win-win cooperation is the trend of the times, stressed the Chinese president.

China, he added, will be unswervingly committed to pursuing the path of peaceful development, making economic globalisation more open, inclusive, balanced and beneficial to all, and promoting the building of an open world economy.

Xi expressed his hope that those CEOs will adhere to the principle of win-win cooperation and common development, strengthen exchanges and cooperation with Chinese companies, and contribute to the world economic recovery.

Xi's letter was in reply to a recent joint letter from 18 CEOs of the Global CEO Council, which groups 39 multinational companies that are global leaders in their respective industries.

The CEOs spoke highly of the fact that China, under Xi's strong leadership, has rapidly contained the coronavirus epidemic, taken the lead in resuming work and production, and played a positive role in supporting the global Covid-19 fight and maintaining world economic stability.

They added that Xi's proposition on creating new opportunities out of crises and opening up new prospects in changing circumstances, as well as his resolve to unswervingly promote economic globalisation in a manner that will be more open, inclusive, balanced and beneficial to all, have further consolidated their confidence in China and commitment to staying rooted in and serving China.

In their letter, the business leaders also offered suggestions on China's economic development and international cooperation in the post-pandemic era.  

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