World News

China vice-premier says will continue to open up, prepared for all challenges

DAVOS, Switzerland (Reuters) – Chinese Vice-Premier Han Zheng said at the World Economic Forum in Davos on Tuesday the world’s second-largest economy will continue to reform as it seeks to provide greater market access for global investors.

Han, speaking at the ski resort in the Swiss Alps, said the underlying trend of China’s economy remained unchanged and the country was well prepared to overcome all risks and challenges.

“China will open its door still wider to the world,” Han said.

Hours earlier, U.S. President Donald Trump hailed the success of the U.S. economy and urged corporate titans and global policymakers to invest even more in America.

In a wide-ranging speech, Han defended globalization and said international affairs should not be dictated by one country.

“Unilateral and protectionist practices which run counter to the global trend will lead nowhere,” Han said.

“Despite the protectionist and unilateral moves by some countries, China will not stop opening up and we will not follow their footsteps to move in the opposite direction.”

(Reporting by Anne Marie Roantree; Editing by Alex Richardson)