As Beijing hails untapped Asian partnerships at Boao Forum, Hong Kong vows to do more
In the face of trade protectionism and rising global uncertainties, China and the entirety of Asia can find ways to work together, one of China's high-ranking vice-premiers said, while reiterating support for foreign investors 'regardless of external changes'.
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Speaking on Thursday at the Boao Forum for Asia, Ding Xuexiang, the sixth-ranked member of China's Politburo Standing Committee, reaffirmed Beijing's commitment to propping up the economy with more proactive macro policies and the fostering of emerging industries.
'An important lesson behind Asia's dynamism and growth potential is its openness,' Ding said. 'We should … firmly oppose trade and investment protectionism and make full use of cooperation mechanisms in regions such as East Asia and the Asia-Pacific.'
And in line with Beijing's broadly stepped up efforts to help private firms, including by
collecting back-owned payments , Ding again stressed the importance of further supporting private firms.
Ding also reaffirmed that China was 'confident' in reaching its annual growth target of 'around 5 per cent', adding it would 'undoubtedly make new contributions to the progress of Asia and the world'.
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Citing Ding's speech, Hong Kong Chief Executive John Lee Ka-chiu said that 'the more complex and uncertain the external environment, the more steadfast Hong Kong must be in moving forward'.
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