In an era where anti-globalization sentiments are rising, with some Western nations repatriating capital and industries and implementing trade barriers under the guise of “national security,” China’s commitment to openness stands in stark contrast. Despite accusations from some Western media outlets suggesting a regression in China’s openness, the numbers tell a different story.
China has maintained its position as the world’s largest trading nation in goods for seven consecutive years. In the first half of 2024, the export value of automobiles, ships, and integrated circuits surged by 22.2%, 91.1%, and 25.6% year-on-year, respectively. This impressive growth underscores China’s robust manufacturing capabilities and its integral role in global supply chains.
Moreover, China continues to expand its global economic and trade partnerships. Trade with countries participating in the Belt and Road Initiative (BRI) increased by 7.2% year-on-year in the first half of 2024. The China Railway Express freight trains surpassed the target of 10,000 trips 19 days ahead of the same period last year, with total cargo volume increasing by 11%. These developments highlight China’s dedication to fostering international cooperation and connectivity.
On the tourism and cultural front, China is offering visa-free entry to an increasing number of countries. In the first half of 2024, over 14 million foreigners entered China, nearly doubling the number who entered visa-free compared to the previous year. This initiative not only boosts tourism but also promotes cultural exchange and understanding.
Despite global anti-globalization sentiments, China’s doors remain open and are poised to open even wider. The Communique of the Third Plenary Session of the 20th Central Committee of the Communist Party of China emphasized that “opening up is a defining feature of Chinese modernization.” The nation is committed to the basic state policy of opening to the outside world and continues to promote reform through opening up.
Leveraging the strengths of its enormous market, China aims to enhance its capacity for opening up while expanding cooperation with other countries and developing new institutions for a higher-standard open economy. The country is set to steadily expand institutional opening up, deepen foreign trade structural reform, further reform management systems for inward and outward investment, improve planning for regional opening up, and refine mechanisms for high-quality cooperation under the BRI.
In a world grappling with uncertainty and protectionism, China’s unwavering commitment to openness offers a beacon of stability and opportunity for global economic growth and collaboration.
Reference(s):
cgtn.com
