As China approaches the final year of its 14th Five-Year Plan (2021–2025), the nation’s commitment to high-level economic opening-up continues to reshape global trade dynamics. With preparations for the 15th Five-Year Plan underway, recent milestones highlight how strategic reforms are driving both domestic growth and international collaboration.
Accelerating Market Access
China has slashed its foreign investment negative list from 93 sectors to 29 since 2021, fully opening manufacturing and expanding access to service industries like telecommunications and biotechnology. Pilot programs in cities such as Beijing and Shenzhen have attracted 13 foreign enterprises to value-added telecom sectors—a voluntary expansion beyond WTO commitments.
Strengthening Global Ties
The Regional Comprehensive Economic Partnership (RCEP), effective since 2022, has positioned China as a linchpin in regional trade. Tariff reductions for partners like Singapore and Japan, coupled with plans to import $150 billion in ASEAN agricultural products, underscore mutual benefits. Non-financial investments to RCEP members surged 26% in 2023, outpacing global trends.
Institutional Reforms & Equality
The 2019 Foreign Investment Law ensures equal treatment for overseas businesses, with intellectual property protections and streamlined dispute resolution. Over 370 issues were addressed in 2024 through government-business dialogues. Initiatives like consumer goods "trade-in" policies also extend benefits to foreign companies and expatriates.
A Vision for Shared Prosperity
China’s zero-tariff treatment for 53 African nations and leadership in multilateral agreements reflect its role as a development catalyst. As Commerce Minister Wang Wentao noted, these measures align with international standards while creating "an engine room" for global growth. With the 15th Five-Year Plan on the horizon, China’s blueprint for openness signals deeper integration into world markets—a strategy poised to fuel shared economic resilience.
