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The new development paradigm will enable China to open up wider and share more opportunities for common development with other countries, said Xi, assuring that China's opening-up policy will not change at any time.
In his speech, Xi highlighted promoting openness and inclusiveness, accelerating innovation-driven growth, enhancing regional connectivity, and pushing for mutually beneficial cooperation, as the region endeavors to dig its way out of the economic slowdown caused by the COVID-19 pandemic.
The development of commercial insurance shall be stepped up. Commercial medical insurance products that suit the needs and paying capacity of the elderly shall be developed. Insurance companies will be encouraged to incorporate medical expenses, within reasonable range yet outside basic medical insurance catalog, into insurance coverage.
The new development paradigm will enable China to open up wider and share more opportunities for common development with other countries, said Xi, assuring that China's opening-up policy will not change at any time.
The Lao side sincerely thanks the party, government and people of China for offering valuable support and help to Laos in a timely manner when the country was hit by the epidemic, he said.
