China’s Xi says will remove foreign investment access restrictions in manufacturing sector

Chinese Communist Party Xi speaking at the Belt and Road forum:

• belt and road cooperation has progressed from
  sketching the outline into filling in the details, blueprints turned
  into real projects
• This network has
  boosted the flow of goods, capital, technology and human resources
  into countries involved
• Only when the world
  is good, China will be good; and only when China is good, the world
  will be good
• Taking economic
  interdependence as a risk will not make one’s own life better or
  speed up one’s own development
• Ideological
  confrontation, geopolitical rivalry and bloc politics are not a
  choice for us; what we stand against are unilateral sanctions,
  economic coercion, decoupling and supply chain disruption
• Chinese
  modernisation is not for China alone but for all developing countries
  through our joint efforts
• China will build new
  logistic corridor across European continent linked by railway
  transportation
• China will enter
  into free trade agreements with more countries, remove all
  restrictions on foreign investment access in manufacturing sector
• China will deepen
  reform in state-owned enterprises, digital economy, intellectual
  property, government procurement

• In 2024-2028, China’s total trade in goods and services is expected
  to exceed $32 trln and $5 trln respectively
• China Development Bank and Exim Bank of China will each set up a 350 bln yuan financing
  window to support belt and road projects
• We will step up
  joint efforts to ensure safety of belt and road projects and
  personnels
• China will deepen
  cooperation in green infrastructure, green energy and green
  transportation
• China will increase
  number of joint laboratories to 100 in next five years, support young
  foreign scientists to work in China
• China will put forward global
  initiative for artificial intelligence governance
• China to establish
  compliance system for companies involved in Belt and Road, promote
  integrity in BRI cooperation
• We will build open,
  inclusive and interconnected world for common development

Xi making big promises. His Politburo have made decisions that have hindered China’s economic growth and innovation, so while he speaks big its yet to be seen how open he is to economic reform.