GREATER OPENING-UP

With nearly 1.4 billion people, China has always been a good example of an open economy and a promoter of global cooperation.

The door of China's opening-up will only open wider and wider, the business environment will only get better and better and opportunities for global multinationals will only be more and more, Xi said in a congratulatory letter to the first Qingdao Multinationals Summit that opened on Oct. 19.

Global entrepreneurs are welcome to invest in China, strive for mutual benefit and win-win outcomes and jointly create a better future, Xi said.

The improving business environment is widely applauded by market entities that are operating businesses in the country.

During the first three quarters of the year, foreign direct investment into the Chinese mainland expanded 6.5 percent year on year to 683.21 billion yuan, according to the NBS.

During the period, more than 30,000 new foreign-invested enterprises were established in the country.

The president noted in a congratulatory letter to the fourth Understanding China Conference which opened Saturday that as a contributor to and a beneficiary of economic globalization, China will remain steadfast in pursuing the path of peaceful development and an opening-up strategy of mutual benefit to continue adding impetus to an open world economy.

China will work with other countries to promote economic globalization and make it more open, inclusive, balanced and beneficial to all, he said.

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