China sees deepening reform and opening the country even wider as the key to overcoming development challenges and ensuring the long-term vibrancy of the economy, Chinese Ambassador to the United States Cui Tiankai said on Tuesday.
Speaking at the 2019 Horasis China Meeting in Las Vegas, the ambassador introduced the latest progress in China's economic reform and opening-up, including the eye-catching foreign investment law, which would provide a legal safeguard for foreign investment.
"China knows the importance of engaging with and learning from the rest of the world," said Cui. "We understand that cooperating with others is not a sign of weakness, but the discovery of infinite possibilities to improve people's lives."
Cui also noted that the second China International Import Expo will open in Shanghai on Nov. 5, adding that "China will import over 10 trillion dollars' worth of goods and services" in the next five years.
Citing a recent World Bank study that showed China's ranking in ease of doing business rose 15 positions from last year, Cui said China would continue to take necessary steps to make its business environment more attractive.
"AmCham China's member companies have registered record high confidence in an open Chinese market, with nearly 80 percent of them recognizing its improvement. These are all votes of confidence in China's reform and opening-up," said Cui.
"China will treat foreign and domestic investors alike, and provide strict and rigorous protection of intellectual property rights," Cui said. "This is a serious commitment by the Chinese government that will stand the test of time."
Cui made the remarks at the closing dinner of the two-day forum, an annual event that has become one of the foremost global business gatherings on China.