China’s strategy to control COVID-19 proves effective: Spokesperson 

BEIJING, October 29 (INP): Since the outbreak of COVID-19, China has taken the most comprehensive, stringent and thorough measures to bring the situation at home under control as soon as possible, and achieved steady economic recovery and major strategic results in the fight against COVID-19.

Facts have proven that China’s prevention and control measures are effective, said a spokesperson of the Chinese Foreign Ministry Wang Wenbin at a news conference.

The measures taken by the Chinese government have not only safeguarded the health and safety of the Chinese people, but also made positive contributions to the international community’s response to the pandemic.

As the pandemic continues to spread around the world, all countries are acting on their respective epidemic situations and national conditions.

WHO has repeatedly called on the international community to work together to fight the virus. China will continue to work with other countries to carry out international cooperation in pandemic prevention and control and jointly defeat the virus at an early date, he added.

Replying to a question, Wang Wenbin said, China’s FDI growth against the odds is not only a vote of confidence cast by the outside world for China’s development prospects, but also a good scorecard for China’s sustained efforts in promoting reform and opening-up.

“Since the beginning of this year, China has twice rolled out new policies aimed at stabilizing foreign investment, updated the negative lists for foreign investment concerning the whole country and the pilot free trade zones respectively, set up Hainan free trade port, added three pilot free trade zones, and further improved business environment.

Against the backdrop of a sharp decline in global cross-border direct investment, monthly FDI growth in China has been positive for six months in a row.

From January to September, the actual utilization of foreign capital in China increased by 2.5 percent in US dollars compared with the same period last year; 574 large projects with contract FDI of more than US $100 million had been set up or expanded; and a significant number of large projects increased input and production in China.

It shows the strong resilience of China’s economic development and the bright prospects of mutually beneficial cooperation between China and foreign countries.

At present, China is speeding up the implementation of a new dual-cycle development pattern with the domestic cycle as the mainstay and the domestic and international cycles reinforcing each other.

The new pattern is not a closed loop only circulating domestically, but an open dual cycle circulating both domestically and internationally. Facts have proven that this new pattern is not only conducive to the long-term development of China’s economy, but will also bring broader development opportunities and space to other countries, as it enables China to forge closer ties with the world economy and promotes extensive consultation and joint contribution for shared benefits among all countries.

China will stand firmly on the right side of history and continue deepening reform, expanding opening up, strengthening cooperation in all fields, and working with other countries to win the final victory over the pandemic and promote the recovery of the world economy.”

INP/JAVED