China Declares Increased Openness to the World After COVID-19

China Moves To Reopen Post COVID: Liu He Reiterates Opposition To Unilateralism, Protectionism

Chinese Vice Premier Liu He gave a speech this Tuesday (17.01.2023) at the annual Davos Forum summit on the economic recovery of China after the coronavirus pandemic. Liu He highlighted that China grew by 3% last year, managing to “preserve the stability of jobs and companies”. On post-pandemic China, Liu He assured that the country is moving to a more lenient policy regarding the covid which is “a sign of reopening”. He further guaranteed that the “the Covid situation is stabilizing”, in China and “life and production is back to normal.”

Liu further highlighted that China will continue to open up more and more to the world. He called on to focus on expanding domestic demand, keeping supply chains running and attracting foreign investment to boost the private sector.

On the other hand, the president of the European Commission, Ursula von der Leyen, criticized the efforts to attract European clean technology industries to China, through subsidies that according to her, “distort” the market. She cautioned that “when trade is not fair, our reactions need to be stronger.”

In addition, the Brazilian government, recently taken over by the leftist Luiz Inácio Lula da Silva, is also committed to multilateralism. The Finance Minister, Fernando Haddad, and Environment Minister, Marine Silva, promised on Tuesday to reinforce democracy following the assault on their institutions and balance the public accounts after the presidency of the far-right Jair Bolsonario.

Chinese Vice Premier Liu He concluded his speech by reiterating Beijing’s opposition to “unilateralism and protectionism” and calling for an end to a “cold war mentality”.

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