Key takeaways from Xi's meeting with representatives of intl business community

WHAT WILL CHINA DO FOR FOREIGN BUSINESSES?

Xi emphasized that the third plenum of the 20th CPC Central Committee made a road map and timetable for further reforming the regulatory framework for inbound and outbound investment.

China will open up wider by focusing on lowering the threshold of market access, ensure equal national treatment for foreign businesses and uphold fair market competition, Xi said.

China will strengthen communication with foreign businesses, provide as much convenience as possible for them to trade and invest in China, and protect the legitimate rights and interests of foreign businesses in accordance with law, Xi said.

At the same time, China will unswervingly pursue a path of peaceful development and strive to create an enabling environment for foreign businesses, he said.

WHAT IS FOREIGN BUSINESSES' ROLE IN GLOBALIZATION?

Xi pointed out that multilateralism is the only choice for addressing global challenges, and economic globalization is an unstoppable trend of history.

China upholds true multilateralism, promotes universally beneficial and inclusive economic globalization, actively participates in global economic governance, and is committed to building an open world economy, Xi said.

"Foreign businesses, especially multinational companies, play an important role and bear significant responsibility for maintaining the global economic order," Xi said.

They are expected to safeguard the multilateral trading system, maintain the stability of global industrial and supply chains, protect the international environment for openness and cooperation, and advance economic globalization in the right direction, according to Xi.