China Pledges Open Markets and Innovation to Power Global Economic Growth

• China aims to be a driving force for world economic recovery in 2022 by opening markets wider to foreign investors and promoting high quality growth

• China will make technological innovation a new engine of economic growth and wants to collaborate with other countries

• China expects to exceed $32 trillion in total imports/exports over the next 5 years

• China pledges further opening of its markets to foreign investors, reducing restrictions in sectors currently limited

• China opposes trade protectionism and decoupling from global economy, sees foreign investment as investing in the future