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China has created 11 free trade zones where foreign firms can avoid red tape when applying for registration. It is shortening the list of sectors that are off-limits to foreign investors, as well as reducing market entry restrictions for industries such as transport and financial services.
China had set a GDP growth target of about 6.5 percent for the year. It achieved a higher-than-expected 6.9 percent GDP growth in the first quarter. Recent indicators, such as the purchasing managers index, a gauge of business conditions and economic health, also showed that growth remained steady in May.
China appreciates and keeps in mind the support South Korea has extended, and hopes to lend necessary support to South Korea in fighting the epidemic, he said.
China has already forged a variety of gas cooperation deals and undertaken investments in recent years with the SCO members, including the Yamal liquified natural gas project in the Arctic region of Russia between CNPC, the country's largest oil and gas producer by annual output, and Novatek, Russia's independent natural gas producer.
China has been an active facilitator of inclusive growth. More inclusive growth in our country has been an important reason why the Chinese economy has maintained steady growth in recent years despite the sluggish world economy. In keeping with the principles of innovative, coordinated, green, open and shared development and the trend of economic globalization and the new industrial revolution, we have highlighted inclusiveness in our development strategies, and worked to promote inclusive growth through providing institutional guarantee and policy support. This has helped us to blaze a path of inclusive growth with distinctive Chinese features. Naturally, we are still feeling our way forward along this path.