Press conference on economic outcomes achieved during China-US presidential meeting in Beijing

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Speaker:
Mr. Zhu Guangyao, vice minister of the Ministry of Finance

Chair:
Xi Yanchun, vice director-general of the Press Bureau, State Council Information Office

Date:
Nov. 10, 2017

Lianhe Zaobao:

You just mentioned market access in the financial sector. I would like to ask whether there are any other sectors besides the financial sector, where China is going to relax controls over market access. Trump and other American companies have also been paying attention to market access as well as technology transfer and intellectual property theft. Have China and the United States been discussing these issues? If so, what is China's response?

Zhu Guangyao:

As for the issue of market access, just now I have specifically reported on this to you all. The principle China has followed is the substantial relaxation of control over market access and further opening up of the service industry, which was put forward by President Xi in his report to the 19th CPC National Congress. It is very clear - not just for the financial industry. The issues surrounding the financial industry were a consensus reached by both sides during Trump's visit to China. I think, just as President Xi stressed in his report to the 19th CPC National Congress, China will drastically relax control over market access and further open the service sector to the outside world. All relevant departments of the Chinese government are making the necessary timetables and roadmaps. China will become more and more open. The closer the integration of China's economy and the world economy, the bigger the contributions that will be made by China's economic development to the development of the world economy. At the same time, China also benefits from the development of the world economy. Therefore, the close integration between China and the United States are the basis for our close cooperation. Thank you.

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