Chinese President Xi Jinping revealed his economic plan during a keynote speech at the Boao Forum.
While addressing the opening ceremony of the annual conference of Boao Forum for Asia, Xi Jinping discussed plans to further open up the Chinese economy.
The conference runs from April 8 to 11 in Boao, a town in south China’s island province of Hainan, and is themed “An Open and Innovative Asia for a World of Greater Prosperity.”
Xi Jinping highlighted the significance of Boao Forum for Asia (BFA), saying “Boao proposals” have helped build consensus in Asia, encourage cooperation, promote economic globalization and advance the building of a community with a shared future for mankind.Addressing the opening ceremony of the BFA, Xi said that opening brings progress, while closure would lead to backwardness. He said that China´s reform and opening up will definitely succeed and that a Cold War mentality, zero-sum thinking, and isolationism would hit walls.He added the with a focus on Asia and a global perspective, it has hosted active discussions and produced many valuable “Boao proposals” since its inception.
Earlier, Pakistan’s Prime Minister Shahid Khaqan Abbasi has also addressed the ongoing Boao Forum for Asia (BFA) annual conference, lauding the China-Pakistan Economic Corridor (CPEC) citing all the benefits it gives to both countries, adding that he believes in the vision of China, not just for the region but the world.
