On June 7, 2023, Chinese Ambassador to the United States Xie Feng delivered a keynote speech at the welcome event hosted by the U.S.-China Business Council. He emphasized that China is a source of rare stability and much-needed certainty in this chaotic world.

Ambassador Xie said that China’s policy is open and transparent, and its pathway clear. The 20th CPC National Congress laid out the blueprint for China’s future development, while the two sessions further fleshed out the roadmap. Our central task is to advance the rejuvenation of the Chinese nation through a Chinese path to modernization. Under the new central leadership with President Xi Jinping at its core, the Chinese people will persevere in carrying out the set goal. China will focus on becoming a better self, so as to meet its people’s aspiration for a better life. It is not in our DNA to invade others or seek hegemony. Nor do we have the intention to dominate the world, or challenge anyone else.

Ambassador Xie said that China’s economic recovery is robust, with bright prospects. In the first quarter, China’s GDP grew 4.5 percent year on year, with trade in goods up by 4.8 percent. During the Labor Day Holiday, over 270 million people, equivalent to about 80 percent of the U.S. population, travelled domestically. China’s huge market, well-functioning industrial system, high-quality workforce and predictable business environment makes it irreplaceable. Airbus recently announced its plan to build a second production line in Tianjin. Tesla is to build a Megafactory in Shanghai. In all this, the business community is casting votes of confidence in China.

Ambassador Xie said that China’s commitment to opening-up is firm, which will bring unprecedented opportunities. China is at the same time the world’s largest trader in goods, the top destination for FDI, and a global manufacturing center. As the primary export market of over 50 countries and regions, and a major trading partner of over 140, it is deeply integrated into the international industrial and supply chains. China simply has no reason whatsoever to close its doors. On the contrary, it will open up the modern services sector wider, do more to welcome foreign investment, and make greater efforts to align with high-standard international economic and trade rules. As China strives to achieve modernization for its 1.4 billion people, a miracle in human history, and as its middle-income population exceeds 800 million in the coming 15 years, it will unlock opportunities like never before.

Ambassador Xie said that China keeps to a path of peaceful development, and has played a key role in the world. China continues to pursue an independent foreign policy for peace. We are dedicated to building a community with a shared future for mankind, and have stepped up our diplomatic efforts. President Xi Jinping visited Russia, and spoke with President Zelenskyy on the phone. China has issued its position paper on the political settlement of the Ukraine crisis. The Chinese Government’s Special Representative on Eurasian Affairs visited Ukraine and other four countries. China is glad to have played a part in the restoration of the Saudi-Iran relationship. The first China-Central Asia Summit was a success. We have welcomed multiple world leaders. The Global Development Initiative, Global Security Initiative and Global Civilization Initiative are well received. China takes pride in contributing to world peace and development.