Xi's speech at CIIE draws positive reactions
Denis Depoux, China CEO of global consultancy Roland Berger
President Xi's speech was much awaited by the international community especially as it comes at a time when protectionism is on the rise. In that respect, we are reassured by President Xi's strong voice that the opening-up policy will be reinforced and strengthened. After Davos and Boao, this is another pledge to international trade, and the associated multilateral rules.
I am quite confident also on the announcements made on further opening-up, encouragements to foreign investments, and lowering of tariffs. Of course, these are general announcements but similar announcements were rapidly followed by concrete measures on opening of sectors (financial services, auto, etc) after President Xi's speech in Boao Forum.
The integration of the Yangtze River Delta area as national strategy also will be a game changer in the Shanghai region, with very positive effect on the economy. This, combined with further expansion of the free trade zone and piloting innovation stock market, will create new opportunities, both on the infrastructure side, but also to establish Shanghai as a technology hub.
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