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|DAVOS LeSean McCoy Bills Jersey , Switzerland, Jan. 24 (Xinhua) -- Opening up. Opportunity. Development. These were the three signals sent out Wednesday by China's top representative at the World Economic Forum (WEF) annual meeting in Davos, Switzerland, to the political and business leaders attending the global gathering.
Liu He, member of the Political Bureau of the Communist Party of China (CPC) Central Committee Jim Kelly Bills Jersey , elaborated the path of China's economic development in the coming years and China's pledge to join hands with the rest of the world to create a brighter future for all.
CHINA TO OPEN UP FURTHER
Liu, who is also director of the General Office of the Central Leading Group for Financial and Economic Affairs, said China will encourage both inbound and outbound investment and business activities as it seeks greater economic and trade interactions with other countries and will work with them to establish an open world economy.
China will continue to let the market play a decisive role in resources allocation, and focus on better protection of property rights, especially intellectual property rights Women's LeSean McCoy Jersey , he said.
Beijing will further integrate with international trade rules and ease market access. It will substantially open up the services and financial sectors and create a more attractive investment environment.
Liu underscored the message that had been presented by Chinese President Xi Jinping in his report at the 19th National Congress of the CPC in October: that China will not close its door to the rest of the world but become more and more open.
"That's great!" said Rupert Adams, a partner of Alignvest UK LLP, an investment company. Adams called it a message from China on its continuous reform and opening up, and also a real practical action showing firm support to economic globalization.
OPPORTUNITIES, CONTRIBUTIONS TO GLOBAL DEVELOPMENT
Liu said after decades of development Women's Jim Kelly Jersey , a large middle-income population has emerged in China, the biggest in the world, giving rise to a vast domestic market. This open market with a fast-growing population of 400 million will contribute significantly to global development.
China's domestic demand has steadily expanded, with consumption contributing 58.8 percent to economic growth, nearly 4 percentage points higher than five years ago Rush LeSean McCoy Jersey , Liu said.
The added value of the services sector takes up 60 percent of China's gross domestic product, more than 5 percentage points higher than five years ago. With more rural migrant workers relocating to cities, the number of permanent urban residents has increased by over 80 million in the past five years, accounting for 58.52 percent of the total population, nearly 6 percentage points higher than five years ago.
However Rush Jim Kelly Jersey , China's development faces three challenges, Liu said -- risk prevention, poverty reduction and pollution control.
Regarding risk prevention, he said in about three years, China will strive to bring the overall leverage ratio under effective control and make the financial system more adaptable and with better ability to serve the real economy. Systemic risks will be prevented and the flow of economic activities improved.
As for poverty reduction Cheap LeSean McCoy Jersey , China has a target to eliminate absolute poverty in three years.
In the next three years, China will also scale up pollution control to substantially cut major pollutant emissions and lower the intensity of resource consumption. The efforts will improve the environment and make China's development more eco-friendly.
These are the concrete actions China will take to fulfill its pledge to counter climate change impacts and implement the Paris Agreement, Liu said.
Besides, he pointed out that the Belt and Road Initiative, originating from China Cheap Jim Kelly Jersey , is a concept that will deliver opportunities and benefits to the whole world.
Proposed in 2013, the initiative comprises the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along and beyond the ancient Silk Road trade routes.
China has inked agreements with more than 80 countries and organizations to jointly develop the initiative. It has also invested more than 50 billion U.S. dollars in key projects under the initiative, thereby creating nearly 200,000 jobs.
"It's a very positive message from China LeSean McCoy Jersey ," said Mohammed Sharaf, an economy and trade official from the United Arab Emirates. "China's opening up not only benefits itself, but also brings a huge opportunity to the whole world." Enditem
US President Donald Trump's administration on Thursday unveiled a sweeping new immigration plan to Congress that offers 1.8 million young unauthorized immigrants known as "Dreamers" a path to citizenship over 10-12 years.
Trump's comprehensive plan - which will be formally presented next week - includes eliminating the popular "green card lottery" programme and would severely restrict family immigration.
It would also require Congress to budget US$25 billion for a "trust fund" for constructing a wall on the US-Mexico border - a major plank of Trump's White House campaign.
"The Department of Homeland Security must have the tools to deter illegal immigrants; the ability to remove individuals who illegally enter the United States, and the vital authorities necessary to protect national security," a senior White House official told journalists.
The White House's offer of a path to citizenship for the Dreamers was much wider than expected. Earlier it had suggested it was only open to granting citizenship to the 690 Jim Kelly Jersey ,000 young immigrants registered under the Deferred Action for Childhood Arrivals, or DACA, programme.
But in exchange, Trump was asking Congress to make future legal immigration more difficult - and to shore up the H China’s .