Chinese PM: Beijing to stick to path of opening its market to foreign traders
Chinese Prime Minsiter Li Keqiang says his country will stick to the path of opening of its markets and other reforms that fuel its economy.
In an address to the seventh "16+1" summit in Sofia summit with central and eastern European leaders, Li added remains open for trade with foreign partners and can only benefit from an economically strong Europe.
“It is two-way traffic…Opening up has been a key driver of China's reform agenda so we will continue to open wider to the world, including widening market access for foreign investors," he noted.
The statements come amid the risk of a protracted global trade war as Washington and Beijing slapped tariffs on $34bn worth of each others' goods.
He called for a strong Europe and added "If Europe is weakened, it will only be bad news for China, not the other way around… This platform needs to stay open. It needs to be transparent."
Reports say over 250 Chinese companies and 700 business people from central and eastern Europe were expected to attend an economic forum alongside the summit, seeking deals in trade, technology, infrastructure, agriculture and tourism.
China has vowed to invest billions of dollars for development projects in central and Eastern Europe as part of its Belt and Road strategy to find new export markets.
The summit is attended by the EU states plus Albania, Bosnia and Herzegovina, Macedonia, Montenegro and Serbia.
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