Top Chinese official says green, high tech development key as nation seeks to spur economy
A top Communist Party official says China is committed to introducing reforms that will upgrade the technological level of its largely manufacturing-based economy
BOAO, China (AP) — China is committed to reforms that will upgrade the technological level of its largely manufacturing-based economy and exploit green technologies expected to drive around $1.4 trillion in annual revenues, a senior Communist Party official said Thursday.
“We sincerely welcome all countries to board the express train of China’s development and join hands to realize world modernization featuring peaceful development, mutually beneficial cooperation and common prosperity,” Zhao Leiji, who heads China’s rubber stamp congress and sits on the party’s all-powerful Politburo Standing Committee, was quoted as telling business people and other leaders attending the Boao Forum for Asia.
The gathering in Boao, held on China’s island island province of Hainan on the South China Sea, is the latest venue for efforts by Beijing to reassure foreign investors rattled by policies that have raised uncertainties for foreign businesses, geopolitical tensions, and an economic slowdown.
Zhao told the forum that China’s economy will be good in the long term, the Foreign Ministry cited him as saying.
