Xie Feng said China’s commitment to high quality development and opening up will remain unchanged despite external volatility, as he outlined the country’s economic resilience and growth prospects during an event in New York. Speaking to business leaders at the China General Chamber of Commerce, the ambassador stressed that openness is a strategic choice rooted in China’s long term development path rather than a short term policy response. He pointed to steady structural improvements in the economy, noting that overall growth has remained within target ranges while total economic output has continued to expand. According to Xie, China’s role as a major global producer and consumer remains intact, with trade performance underscoring its integration with the global economy. He said these trends demonstrate that China’s development trajectory is anchored in stability, reform, and sustained engagement with international markets.
Xie highlighted that China’s trade and innovation performance reflects the momentum of its opening up agenda. He noted that total goods trade has continued to rise, reinforcing China’s position as both a key exporter and an increasingly important destination for global products. Advances in sectors such as artificial intelligence, electric vehicles, and advanced manufacturing were cited as evidence of innovation driven growth. He also emphasized that China’s economic transformation is entering a new phase with the launch of the fifteenth five year planning period, which will prioritize technological self reliance and new productive forces. According to the ambassador, these efforts are designed to enhance competitiveness while expanding access for foreign businesses. He said China’s approach aims to balance domestic development with global cooperation, ensuring that openness remains aligned with economic modernization and long term sustainability.
The envoy also pointed to concrete policy measures that signal continued opening, including expanded market access and reductions in restrictions on foreign investment. He said the negative list governing foreign investment has been further shortened, while zero tariff treatment has been extended to products from least developed countries with diplomatic ties to China. Progress at the Hainan Free Trade Port was highlighted as a key example of institutional innovation supporting openness. Xie noted that foreign investment activity remains robust, with tens of thousands of new foreign funded enterprises established recently, reflecting confidence from global investors. He added that US companies continue to play a prominent role in major Chinese trade and supply chain exhibitions, underscoring deep commercial linkages. Looking ahead, Xie said China’s growing middle income population and expansion in emerging industries will create significant opportunities for international businesses under fair and non discriminatory conditions.
