Premier Li says opening up the economy will drive economic growth

Beijing will promote economic development by opening up the economy, Premier Li Keqiang said on Wednesday at the United Nations General Assembly.

China’s experience proved that closed-door policies only lead to stagnation and backwardness, the Reuters news agency quoted Mr Li as saying. “China will open its door even wider to the outside world,” the report says.

Mr Li noted that some sectors of the mainland’s economy were still maturing.

“Major economies need to conduct responsible policy making and coordinate macroeconomic policy while considering their own growth,” he added.