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Who will benefit from China's further open economy?(2)

2014-03-04 08:43 Xinhua Web Editor: qindexing
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  DIALOGUE 3:

Xinhua: What do you think of the series of measures taken by the Chinese government to expand its opening-up? In what areas do you think China could take bolder steps after the "two sessions?"

Garry Crockett, chairman of China Ready & Accredited, a Chinese-owned company providing training and consultation in tourism and culture, replied:

"Any relaxation in terms of foreign investment would be warmly welcomed as it would provide the impetus for many businesses to start or expand their businesses in China," he said.

"China's emerging middle-class presents great attraction in terms of helping to meet increasing demand in areas such as quality food products and a range of professional services," Crockett added.p "Of course the opportunities for Australia's quality tourism and education industry are enormous with the increasing numbers of Chinese outbound travellers and students. Australia has 122,000 Chinese students currently being educated in Australia and over 700,000 Chinese tourists visited Australia last year," he said.

Monica Fang, chairwoman of Brazilian medical device company Anatomic, said "bringing-in" and "going-out" is a good idea initiated by China's opening-up policy.

"Encouraged by such policy, Chinese immigrants like me can serve as a better bridge for cooperation between Chinese and Brazilian enterprises," she added.

"In the future, our company will expand operations and set up branches in China," Fang said. "The two sessions are expected to have a huge effect on us."

David Denoon, director of the Center on U.S.-China Relations at New York University, called on China to further open markets for American service industry, including insurance companies and banks.

China should also attach greater importance to intellectual property right protection in such fields as software design and medical products, he said.

The opening-up policy will bring a competitive mechanism and advanced technologies that are conducive to China, Denoon said.

Garth Shelton, a professor of international relations at the University of the Witwatersrand in South Africa, voiced his hope that while striving for the Chinese Dream, China will also help African countries realize an "African Dream."

"I hope China will further develop its trade with South Africa and other countries on the continent," Shelton said.

He called for more investment from Chinese enterprises, saying they should take part in more infrastructure projects.

Chinese tourists should also be encouraged to travel to Africa as they will create more jobs for Africans, said the professor.

"I also hope the single trade structure between China and Africa will be improved and more value be added to African countries' exports," said Shelton.

2014 Two Sessions

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