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Zhang Gaoli: Economic Globalization Should Be Firmly Promoted

On March 24, 2017, Member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Vice Premier Zhang Gaoli met with the Chinese and foreign entrepreneurs present at the Boao Forum for Asia Annual Conference 2017 in Boao, Hainan, and said that we must firmly promote economic globalization. Economic globalization meets the objective requirement for developing social productivity, serves as a natural outcome of technological progress, provides powerful impetus for world economic growth, and creates a great many of opportunities for development. Instead of stopping our steps once we encounter difficulties, we should firmly promote economic globalization, encourage trade and investment liberalization and facilitation, and oppose all forms of trade protectionism. The current world economy is experiencing a transition period of moving towards new growth drivers. We must boost economic globalization through reform and innovation, and seize the historic opportunities brought by industrial revolution, digital economy and so on to promote structural reform and strengthen global economic cooperation.

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