Economic Affairs

Opening the door wider will be good for China

China has made many promises in the past to open up its economy - but the latest round of pledges is more credible

There is "a new phase" in the opening up of China's economy. China's door "will be opened even wider". China will adhere to trading rules, be committed to the rule of law, more competition, and transparency and higher standards of intellectual property (IP) protection. China will not bully countries or force them to buy goods from China.

This is what some 2,000 delegates to last week's Boao Forum - considered "China's Davos" - heard from Chinese President Xi Jinping.

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A version of this article appeared in the print edition of The Straits Times on April 18, 2018, with the headline 'Opening the door wider will be good for China'. Print Edition | Subscribe