China to speed up 'new productive forces', vice president says

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BEIJING: China will accelerate the development of "new productive forces" and bolster stability and security for the global economy, Vice President Han Zheng told an investment forum in Beijing, as the world's No 2 economy seeks to reassure anxious foreign firms.

Chinese Vice President Han Zheng speaks at the Invest in China Summit 2024, in Beijing, China on Mar 26, 2024. BEIJING: China will accelerate the development of"new productive forces" and bolster stability and security for the global economy, Vice President Han Zheng told an investment forum in Beijing, as the world's No 2 economy seeks to reassure anxious foreign firms.

"Further establishing a market-orientated, law-based and international business environment will be key to the continuous optimisation of China's business environment and improving its attractiveness to foreign firms," Han told an audience at the inaugural Invest China Summit, that included the CEOs of Aramco, AstraZeneca, and Pfizer.

The Invest China Summit followed the China Development Forum from Mar 24 to Mar 25. It coincides with the first day of the Bo'ao Forum in Hainan, which is sometimes touted as Asia's answer to the World Economic Forum meetings in Davos, resulting in a busy week of commercial diplomacy for foreign CEOs.

 

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