Xi offers hope to global economy at G20

The just concluded G20 Summit in Osaka witnessed President Xi Jinping achieving diplomatic success in terms of upholding multilateralism, partnerships, mutually beneficial cooperation and providing directions for global growth and global governance.

Delivering a key speech at the Osaka Summit, Xi continued to promote opening-up and cooperation by announcing five major measures. The president vowed to further open up Chinese market, including the release of the 2019 version of the negative list for foreign investment access, greater openness in the agriculture, mining, manufacturing and services sectors, and the establishment of six new pilot free trade zones. China will also expand imports, reduce the overall tariff level, strive to remove non-tariff trade barriers, and take steps to cut institutional costs of imports. Xi also called on all parties to work together to build a high-quality world economy.

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