China ‘past peak Covid’ after policy U-turn, vice premier says via IrishTimesBiz
China, whose population of 1.41 billion is tipped to be surpassed by India this year, continued to scale back restrictions earlier this month when it reopened its boarders to travellers after three years.
Mr He used his first appearance at the WEF in five years to say that China will continue to open up to foreign investment, support the private sector, promote fair competition, uphold the role of law and property rights and deepen reform of state companies.“China’s door to the outside world will only open wider,” he said, adding that the notion of the country reviving elements of its 20th-century planned economy “is no way possible”.
However, China has faced strong criticism for remaining a key trading partner for Russia since the latter invaded Ukraine last February, declining to institute sanctions and continuing to buy up Russian energy.
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