China's financial sector will play an important role in changing the world economy in the coming decades, when financial resources could be allocated worldwide more efficiently through supportive opening-up measures.
China's pledge of further reform and opening-up has injected a sense of certainty and hope into the global economy, International Monetary Fund Managing Director Christine Lagarde said on Tuesday.
On Tuesday, President Xi Jinping vowed to further deepen reform and opening-up, including giving easier access to investment and promoting financial cooperation.
"Extraordinary", "sustainable" and "globally integrated": Andrew Geczy, CEO of Terra Firma, one of Europe's leading private equity firms, chose these three descriptors for China's changes over the past four decades.
After Chinese President Xi Jinping's speech at the Boao Forum for Asia Annual Conference 2018 on April 10, leaders of other Asian countries and heads of international organizations voiced their support for interconnectivity, free trade and fair globalization.
President Xi Jinping said China is determined to offer even broader market access for foreign investors in the services industry, especially in the financial sectors.
China aims to boost rural entrepreneurship and take up farming as a decent profession, as it steps up efforts to invigorate its vast countryside.
