MNI China Press Digest Nov 25: Investment, US-China, Open Up

The following lists highlights from Chinese press reports on Wednesday:

China should accelerate the building of transportation projects to ensure continuous growth, the Economic Information Daily reported citing industry specialists. Investment in transportation rose 9.8% y/y to CNY2.51 trillion in the first three quarters, the Daily reported citing Wu Chungeng, the spokesperson for the Ministry of Transport.

The incoming Biden administration in the U.S. needs to restore normal competitive relations with China instead of seeing China as an enemy, the Global Times said in an editorial late Tuesday. Published following the announcement of Anthony Blinken as the next Secretary of State, the editorial said that if the State Department continues Mike Pompeo's unprofessional and ideological China policy there would be no real change to Sino-U.S. tensions. U.S. policies on China would have much broader success if Washington stopped attempting to contain China's development, and sought cooperation in addressing the pandemic and climate change, the Times editorial said.

China will build a strong domestic market and strengthen intellectual property protection while also creating a level playing field for domestic and foreign companies as it opens up its economy, said Premier Li Keqiang. Speaking during the "1+6" Roundtable with major international institutions including the World Bank, IMF and WTO, Li said China would work towards a market-oriented and legalized international business environment to attract more foreign capital. China will continue to innovate, step up supervision of the economy and maintain policy continuity and effectiveness, Li said in a statement posted on the Government website.