Vice-Premier calls for firm commitment to globalization

By Dai Tian in Boao, Hainan province | | Updated: 2017-03-24 13:45

Vice-Premier Zhang Gaoli called for firm commitment to globalization during a meeting with corporate leaders on the sideline of Boao Forum for Asia Annual Conference on Friday.

Global trade has been a strong driver for economic growth worldwide, and is an inevitable result of technology innovation, Zhang said.

"We can't stop our pace when faced with difficulty," said Zhang, vowing to fight any form of protectionism and promote free trade and investment.

The world economy is undergoing a shift and has to rely on reform and innovation to enhance international cooperation, Zhang added.

The commitment comes as China's GDP grew 6.7 percent last year, contributing to over 30 percent of global growth.

The vice-premier said he is confident in the Chinese economy. "The positive fundamentals haven't changed."

"We will spare no efforts in deepening reform, while pressing ahead coordinated development strategy and shifting government's role to ease burden on companies and encourage innovation and entrepreneurship."

The four-day Boao conference, themed "Globalization & Free Trade: The Asian Perspectives," is dedicated to championing a more inclusive globalization process through cooperation and dialogue.

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