China committed to economic opening up, reforms, Premier Li says

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China committed to economic opening up, reforms, Premier Li says
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China is committed to opening up the world's second-largest economy and delivering reforms that can help stimulate growth, Premier Li Qiang said, adding that geopolitical tension would only hold back development worldwide

Li's comments at an international business summit in the island province of Hainan, are his latest calls for Beijing to bolster its economic recovery in the face of strained relations with the United States and its allies over everything from Russia's war in Ukraine to technology exports and Taiwan.

"We will introduce a series of new measures in expanding market access and optimising the business environment ... Peace is a prerequisite for development," he said. "Judging from the situation in March, it's better than in January and February. In particular, major economic indicators such as consumption and investment continue to improve, while employment and prices are generally stable," Li said.

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