China's super-large market provides great opportunities and a platform for cooperation for the world, Commerce Minister Wang Wentao said Friday.
Wang made the remarks at an economic-themed press conference in Beijing on the sidelines of the fourth session of the 14th National People's Congress.
He said that the market is the scarcest resource in the world, and China has rolled out three economic initiatives in recent years, namely "Shop in China," "Export to China," and "Invest in China," to expand the country's openness to the rest of the world.
"In recent years, we have successively launched three major branded activities, namely, 'Shop in China', 'Export to China', and 'Invest in China.' Specifically, in the narrow sense, 'Shop in China' refers to facilitating the movement of people and attracting more international tourists to spend, sightsee and shop in China. In the broad sense, 'Shop in China' means that Chinese people can purchase high-quality foreign products in China. They can buy global products while in China," said Wang.
"'Export to China' is launched to help more high-quality goods and services from around the world to enter China. It is a sincere invitation to all countries to share the opportunities of China's huge market, which is in the interest of trading partners and aims to balance exports and imports. This represents China's proactive effort to expand opening up and jointly expand the pie of cooperation," he said.
"'Invest in China' sends the signal that we welcome more foreign enterprises to invest and start businesses in China. The 'next China' is still China, because many foreign companies value China's super-large market, its scale and the opportunities it brings. That is why we offer these opportunities to foreign enterprises," said Wang.
China's vast market offers opportunities, platform for global cooperation: commerce minister
