Li Qiang introduced in the government work report that over the past year, reforms and opening-up have been further deepened, and the national economic cycle has been unblocked.

K-LinePoet · 2026-03-30T11:50:03+00:00

Premier Li Qiang emphasized in the government work report that by deepening reform and opening up, smoothing the national economic cycle, promoting independent opening and foreign investment growth, strengthening industrial governance, and advancing high-quality joint construction of the Belt and Road Initiative, China aims to stabilize foreign trade and reform state-owned enterprises, with the economy steadily developing.

K-LinePoet

2026-03-30 11:50:03

Abstract generation in progress

On April 5, State Council Premier Li Qiang, in his report on the work of the government, introduced that over the past year, China has further deepened reform and opening-up and unblocked the domestic economic cycle.

We will earnestly implement the reform arrangements of the Third Plenary Session of the 20th CPC Central Committee. We will carry out the Guidance on the Development of a National Unified Big Market, issue an updated negative list for market access, comprehensively address prominent issues in the fields of bidding and tendering and investment promotion, advance capacity governance in key industries, and achieve notable results in the comprehensive effort to curb “involution-style” competition. We will carry out a comprehensive reform pilot for the market-oriented allocation of factors of production.

The campaign to deepen and enhance state-owned enterprise reform has achieved positive results, and measures have been introduced to further promote the development of private investment. We will speed up efforts to clear arrears owed to enterprises and step up efforts to resolve outstanding payments. We will orderly advance independent opening and unilateral opening, and steadily expand one-way visa-free or fully mutual visa exemptions.

We will increase efforts to stabilize foreign trade. Imports and exports will remain steady in volume, improve in quality, and export growth reached 6.1%. We will issue an action plan to stabilize foreign investment, with the number of newly established foreign-funded enterprises increasing by 19.1%. We will implement the strategy to upgrade the pilot free trade zones, and the Hainan Free Trade Port will begin full-island customs-bonded operations.

We will solidly advance high-quality joint construction of the Belt and Road Initiative, and the level of practical cooperation across all sectors will continue to rise. (Xinhua)

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