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Reuters (5 November 2024)

Casey Hall

China will upgrade its free trade zones and explore investment agreements with other countries, Chinese Premier Li Qiang said on Tuesday, adding that opening up was a "must" to combat rising unilateralism globally.

Li told the opening ceremony of the annual China International Import Expo that as part of this effort, China would further expand foreign investment access to sectors such as telecommunications and healthcare.

He also said authorities were confident China will meet this year's growth target, saying there have been many positive developments in the economy indicating a favorable outlook. Authorities also had fiscal and monetary tools at their disposal, he added.

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