China remains committed to high-level opening up, says Wang Yi

China is committed to development through high-level opening up and will continue to foster a business environment that is market-oriented, law-based and internationalized, promote high-quality Belt and Road cooperation, and implement the Global Development Initiative, Foreign Minister Wang Yi said in Beijing on Wednesday.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks at a promotional event hosted by the Foreign Ministry to present the Hainan Free Trade Port to the world.

He said that the construction of the Hainan Free Trade Port has gained momentum and the region has attracted an increasing number of regional and global enterprises to invest and operate business, presenting a new and dynamic environment of openness and progress.

The Hainan Free Trade Port has become a new frontier of China’s institutional opening up, a new hotspot for regional mutually beneficial cooperation and a new engine driving economic globalization, Wang said.

“Seeing is believing, and everyone is welcome to visit Hainan and gain firsthand experience,” he added.

Wang said China will adhere to open, innovative, green, inclusive and peaceful development.

“Choosing China means choosing opportunities, and embracing China means embracing the future,” he said.

At the event, major officials from the island province of Hainan were invited to make presentations to more than 500 attendees, including diplomats and officials from over 160 countries, representatives from international organizations, central and local government officials, and representatives from enterprises, international trade associations, and domestic and foreign media outlets.

In June 2020, China released a master plan aimed at building the whole of Hainan into a globally influential and high-level free trade port by the middle of the century.

(With input from Xinhua)