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在线翻译:
szdaily -> Business -> 
Nation renews pledges to open economy, reform
    2018-03-26  08:53    Shenzhen Daily

CHINA pledged yesterday to press ahead with market opening and reform while reiterating that it will treat domestic and foreign firms equally and protect intellectual property rights.

The pledge on reform and equal treatment came from Vice Premier Han Zheng at a time when there are increasing prospects of a trade war with the United States.

Han, making his first speech since being named vice premier earlier this month, told the China Development Forum in Beijing that China needs to “open even wider to the outside world,” and would do so via its Belt and Road Initiative.

China is fully aware that economic globalization is “irreversible,” said Han, adding that unilateralism and trade protectionism served nobody’s interests.

Also at the forum, He Lifeng, chairman of the National Development and Reform Commission (NDRC), said China “will deepen supply-side structural reforms and work hard to eliminate ineffective supply.”

Earlier this month, the NDRC said China, the world’s biggest steel and coal producer, would cut its annual steel capacity by around 30 million tons and coal capacity by about 150 million tons this year.

China will also promote international capacity cooperation as part of its Belt and Road Initiative, which China considers to be a modern-day “silk road,” and widen access to the Chinese market, including the financial, telecom and education sectors, He said.

It will also “give equal protection to property rights of all ownership types by law,” and strengthen protection of intellectual property rights, said He, adding that China would better integrate its financial sector and real economy.

Tim Cook, chief executive of Apple who is co-chairing the forum, told the meeting the business community “has always supported the idea that open markets foster new ideas and allow entrepreneurship to thrive.”

“The strongest companies and economies are those that are open — those that thrive on the diversity of people and ideas,” said Cook, who Saturday called for “calm heads” in the brewing U.S.-China trade dispute.(SD-Agencies)

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