Xi vows to open up China's economy to join CPTPP

Chinese President Xi Jinping has stressed that he will promote a further opening up of the domestic market as the country seeks to join a major trans-Pacific trade pact.

Xi delivered a video message to the Asia-Pacific Economic Cooperation forum's CEO Summit on Thursday, ahead of the APEC summit.

In it, he says his country will "promote all-round opening-up of its agricultural and manufacturing sectors." He also says China will "treat domestic and foreign businesses as equals in accordance with law."

Xi's promise to advance reforms and open up further is apparently aimed at dispelling concerns about China's bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, known as the CPTPP.

China applied to enter the pact in September. But some of the pact's current 11 member countries doubt whether China can meet the CPTPP's high standards.

Regarding climate change, Xi stressed China's resolve to achieve carbon neutrality by 2060, in line with the goal he announced last year.

He also called on developed economies to provide developing counterparts with funding and technological support to respond to climate change.

Xi also said, "Attempts to draw ideological lines or form small circles on geopolitical grounds are bound to fail. The Asia-Pacific region cannot and should not relapse into the confrontation and division of the Cold War era."

The comments were an apparent reference to the United States' efforts to form new frameworks with allies and friendly nations in order to counter China.