Only reciprocal moves can boost trade ties

In his keynote speech at the Boao Forum for Asia on April 10, President Xi Jinping elaborated on China's new vision, policies, responsibilities and initiatives to advance opening-up, demonstrating China's commitment to further opening up its economy in the new era.

Xi's remarks also show further opening-up is the only way for China to pursue higher-quality economic development, build a modern economic system, and shoulder its responsibilities as a big power while promoting globalization for the well-being of people across the world. Further opening up its economy to the outside world, attracting high-quality foreign capital, increasing imports, and promoting the free flow of capital, goods and technologies will help China better respond to international concerns, intensify self-development and reduce frictions with other countries to realize win-win cooperation and help build a community of shared future for humankind.

Foreign-funded enterprises have played a vital role in China's economic development and helped it to expand its capital and foreign exchange reserves, introduce talents, and implement market-oriented reforms. China wants them to continue playing that role in the new era.