{"id":2575,"date":"2021-11-11T09:21:00","date_gmt":"2021-11-11T09:21:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3572601_AE72601_0"},"modified":"2021-11-11T09:21:00","modified_gmt":"2021-11-11T09:21:00","slug":"cgtn-china-vows-to-treat-market-entities-equally-build-open-market-system","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=2575","title":{"rendered":"CGTN: China vows to treat market entities equally, build open market system"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Nov. 11, 2021<\/span> \/PRNewswire\/ &#8212; <span class=\"xn-location\">China<\/span> has pledged to better safeguard investment and business operations in the country to further its all-round opening-up and advance global economic recovery. The pledge comes almost two months after it announced applying for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and about a month and a half before the Regional Comprehensive Economic Partnership (RCEP) agreement takes effect. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\" align=\"center\" readability=\"7\">\n<p title=\"CGTN: China vows to treat market entities equally, build open market system\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/fZlM02YwnvI\" frameborder=\"0\">&amp;amp;amp;amp;amp;nbsp;<\/iframe><\/p>\n<\/p><\/div>\n<p><span class=\"xn-location\">China<\/span> will treat all types of market entities equally and build a &#8220;unified and open market system with orderly competition,&#8221; said Chinese President Xi Jinping in his address at the Asia-Pacific Economic Cooperation (APEC) CEO Summit via video link on Thursday. In his keynote speech, Xi called for commitment to sustainable development and efforts to build an <span class=\"xn-location\">Asia-Pacific<\/span> community with a shared future. <\/p>\n<p>Explaining recent measures taken by Chinese authorities to improve the implementation of anti-monopoly laws and strengthen regulations of some domestic industries, he said the measures are necessary for the healthy development of <span class=\"xn-location\">China&#8217;s<\/span> market economy, adding that they are also common practices across the world. <\/p>\n<p>&#8220;We will work unswervingly to consolidate and develop the public sector, and encourage, support and guide the development of the non-public sector,&#8221; he said. <\/p>\n<p><span class=\"xn-location\">China<\/span> will make continuous efforts to strengthen the foundation for the long-term development of its economy and provide a better safeguard for <span class=\"xn-location\">Asia-Pacific<\/span> and global businesses to invest and start operations in the country, he said.<\/p>\n<p>Established in 1989, APEC has become an important platform to facilitate economic cooperation among 21 economies in the <span class=\"xn-location\">Asia-Pacific<\/span> region. The CEO Summit is part of the 2021 APEC Economic Leaders&#8217; Week, hosted by <span class=\"xn-location\">New Zealand<\/span> and chaired by Prime Minister <span class=\"xn-person\">Jacinda Ardern<\/span>. <\/p>\n<p>In his speech, Xi called on economies in the region to &#8220;look and march forward&#8221; and &#8220;oppose discriminative and exclusive acts.&#8221; <\/p>\n<p>&#8220;There will be no future to draw lines according to ideology and form small geopolitical circles,&#8221; he said. &#8220;The <span class=\"xn-location\">Asia-Pacific<\/span> region cannot and should not go back to the state of confrontation and division of the Cold War era.&#8221;<\/p>\n<p><b>Development and green transformation<\/b><\/p>\n<p>Xi also elaborated on the relationship between economic development and green transformation, calling for a coordinated and holistic approach to promote green and low-carbon transformation. <\/p>\n<p>&#8220;Without development, we cannot foster enough economic forces to sustain the green transformation; if people&#8217;s livelihood is neglected, there will be no social support for the green transformation,&#8221; he said.<\/p>\n<p><span class=\"xn-location\">China<\/span> vows to introduce a series of measures to facilitate the overall green transformation of economic and social development during the 14th Five-Year Plan period (2021-2025) and beyond. The country has pledged to peak its carbon emissions by 2030 and achieve carbon neutrality by 2060. <\/p>\n<p>Meanwhile, Chinese authorities vow to follow a people-centered philosophy for development. After eradicating absolute poverty and securing a landmark victory in building a moderately prosperous society in all respects, the country is intensifying efforts to promote high-quality development that intends to bring common prosperity for all. <\/p>\n<p>&#8220;We must have an accurate grasp of the concept of sustainable development, adhere to the people-centered approach, and coordinate economic growth with securing people&#8217;s livelihood, as well as energy conservation and emission reduction,&#8221; Xi said. <\/p>\n<p>He called for efforts to &#8220;promote green transformation in economic development and achieve greater development in green transformation.&#8221;<\/p>\n<p>Describing <span class=\"xn-location\">China&#8217;s<\/span> campaign to reduce carbon emissions as a &#8220;profound socio-economic transformation,&#8221; he said the country will strive to make contributions to global green transformation. <\/p>\n<p>Xi will attend the 28th APEC Economic Leaders&#8217; Meeting via video link on Friday and deliver another speech.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/news.cgtn.com\/news\/2021-11-11\/Xi-China-to-treat-market-entities-equally-build-open-market-system-155j46p5vCE\/index.html\" rel=\"nofollow noopener\">https:\/\/news.cgtn.com\/news\/2021-11-11\/Xi-China-to-treat-market-entities-equally-build-open-market-system-155j46p5vCE\/index.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Nov. 11, 2021 \/PRNewswire\/ &#8212; China has pledged to better safeguard investment and business operations in the country to further its all-round opening-up and advance global economic recovery. The pledge comes almost two months after it announced applying for the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and about a month and a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":2576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-2575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CGTN: China vows to treat market entities equally, build open market system - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=2575\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CGTN: China vows to treat market entities equally, build open market system - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Nov. 11, 2021 \/PRNewswire\/ &#8212; China has pledged to better safeguard investment and business operations in the country to further its all-round opening-up and advance global economic recovery. 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