China pledges more balanced trade and further opening of the economy after record surplus - World

Li Qiang, China's Premier, pledged to further open the country's economy to foreign firms and pursue more balanced trade with global partners. He emphasized China's commitment to importing high-quality foreign goods, promoting optimized trade development, and expanding the global trade pie. Pan Gongsheng, China's central bank governor, also addressed concerns about the country's record $1.2 trillion trade surplus, emphasizing the need for a balanced approach that considers services and financial accounts. To attract foreign investment, China is offering incentives to sectors like advanced manufacturing and green technology. The China Development Forum hosted by Beijing aims to showcase economic opportunities for foreign businesses.