Senior Chinese official calls for more foreign investment at Boao economic forum

A senior Chinese Communist Party official has appealed for more foreign investment in the country at an international economic forum on the southern island of Hainan.

Zhao Leji, the chairman of the National People's Congress Standing Committee, delivered the keynote speech on Thursday at the opening ceremony of the Boao Forum for Asia Annual Conference 2024.

Zhao said China is advancing Chinese-style modernization through high-quality development, which will inject strong impetus into global economic recovery and provide more opportunities for the development of all countries, especially neighboring Asian nations.

He said China's door to the world will never close, but will only open wider. He noted that investing in China is investing in the future.

His remarks came as the outlook for China's economy is becoming increasingly unclear amid the prolonged slump in its real estate market.

Observers say that, by touting a further opening of its markets, the Chinese government is hoping to attract more foreign investment to shore up the economy.

On the security front, Zhao said, apparently with the United States in mind, that the Cold War mentality and bloc confrontation should be abandoned.

The forum organizer says about 2,000 people are attending the event to join discussions on themes that include the economy and security.