BEIJING: Amid global trade headwinds, China has sent fresh signals that it will further expand high-standard opening-up and promote international cooperation to provide strong momentum for its own development and boost global economic growth.
The message resonated strongly at three recent key international fairs that China hosted over the course of about a week — the World Smart Industry Expo 2025 in Chongqing, the 25th China International Fair for Investment and Trade in Xiamen, Fujian province, and the 2025 China International Fair for Trade in Services in Beijing.
Within six days, President Xi Jinping sent three congratulatory messages in succession to the three events, which featured a wide range of domestic and international participants from various sectors.
In the letters, Xi reiterated the country’s firm commitment to working with all parties to build an open world economy and advance the building of a community with a shared future for humanity.
While emphasizing that global development is facing challenges as well as opportunities amid profound changes in the world economic landscape, Xi assured the world that China will take solid measures to promote liberalization and facilitation of trade and investment, continue to share its development opportunities with the rest of the world, and inject more positive energy and greater certainty into global development.
Former Kyrgyz prime minister Djoomart Otorbaev said it is extremely important that China is opening further to the outside world. “China organized a lot of events of international level, where top specialists from around the world are attending and exchanging ideas. This is exactly what has to be done,” he said in a recent interview with China Global Television Network.
Over the years, China has been steadfastly deepening reform on all fronts to build a new system for an open economy. A series of measures on the reform of foreign trade has been introduced in areas including taxation, finance, and trade and investment facilitation.
Since 2017, the total number of items on the negative list of restricted sectors for foreign investment has been reduced from 93 to 29, with all access restrictions for the manufacturing sector removed.
Paul Bateman, chairman of JP Morgan Asset Management, has visited China more than 150 times over the past 30 years. “With each visit, I’m more impressed by the vitality and growth of China’s market,” he said while addressing the Global Trade in Services Summit of the China International Fair for Trade in Services. –The Daily Mail-China Daily news exchange item
