China continues to bolster global trade, investment: Vice Premier

Chinese Vice Premier Wang Yang said on Thursday that the country will open more widely to the outside world and continue to improve the investment environment to promote global trade.

During his keynote speech at the 19th China International Fair For Investment and Trade, Wang said China is a firm advocate and positive promoter of cross-border investment cooperation.

In terms of foreign direct investment, China has ranked first among all developing nations for 24 consecutive years, and China's outbound investment ranked in the world's top three for five years running, Wang said.

He promised that China would further expand market access to create a fairer and more stable and transparent policy environment.

There will be more efforts to promote greater openness in the hinterlands, coastal regions and border areas, and China will also encourage processing trade to relocate to central and western regions, Wang added.

He also called for better use of foreign direct investment and deeper international cooperation on production capacity.

The 19th China International Fair For Investment and Trade, which runs Thursday through Sunday in the southern port city of Xiamen, is the world's largest international event promoting investment. Endi