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In his keynote speech at the opening ceremony of the Boao Forum for Asia 2018 on 10 April, President Xi Jinping described economic globalisation as an irreversible trend, and noted that China would continue on its course of opening up. This is positive news for enterprises, as an extended opening up will bolster investor confidence globally, while leading to a wide range of new opportunities for businesses.
Against the backdrop of the 40th anniversary of China’s reform and opening up, President Xi announced steps would be taken to widen market access significantly, create a more attractive investment environment, strengthen protection of intellectual property rights (IPR) and expand imports.