Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / China US trade tensions

China's further opening-up shot in arm for multilateral trade system

Xinhua | Updated: 2018-04-25 14:26
Share
Share - WeChat
An US cargo ship is seen at the Yangshan Deep-Water Port, an automated cargo wharf, in Shanghai on April 9, 2018. [Photo/VCG]

BEIJING - On the 40th anniversary of its reform and opening-up this year, China will inject more vigor into global growth by opening up further as it enters a new stage of development.

This comes at a crucial moment for globalization, with trade protectionism rising in the West.

The new policy, outlined by President Xi Jinping earlier this month at the annual conference of the Boao Forum for Asia, the continent's top economic forum, highlights more measures for free trade and investment, including lower tariffs for automobiles and other imports.

In a following inspection tour of Hainan, a southern Chinese island province that is host to the Boao forum, Xi said it will be developed into a pilot free trade zone, gradually becoming a free trade port with Chinese characteristics.

China's annual contribution to global growth surpassed 30 percent in the past five years. The new moves are expected to generate new market demands and create new growth points.

This momentum comes with changes in both the size and structure of domestic consumption, signaled by a 15.2-percent year-on-year growth in goods imports in January and February combined.

Notably, 177,000 vehicles were imported in this period, marking a 14.3-percent increase in value.

The first China International Import Expo will be held in Shanghai in November, providing a significant opportunity for more foreign goods and services. Over 1,600 enterprises from more than 120 countries and regions confirmed their participation by the end of March, indicating the worldwide interest in China's huge market.

Already the world's second largest investment destination, China anticipates more foreign capital, especially in the manufacturing sector. The progress made in listing China A shares in the MSCI Emerging Markets and world indexes is expected to open a new channel for global investors.

With more quality "Made in China" products being exported, the first two months of this year saw a year-on-year increase of 18 percent in exports. Chinese exports today range from raw materials and clothing to mobile phones and more innovative products.

Since 2015, China has become a country of net capital outflows and will continue to increase its overseas investments, as Minister of Commerce Zhong Shan has said.

The investment focus will likely be on building cooperation platforms in countries related to the Belt and Road Initiative, a grand proposal put forward by Xi in 2013 and dedicated to promoting common development and prosperity.

In addition, the world is also witnessing an expanding use of the Chinese currency as a new option in international payments and settlements, which is part of the reform of global economic governance.

By further opening up, China is expected to forge closer links with global growth and contribute more to a freer, fairer and more inclusive multilateral trade system.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲欧美日韩成人网| 在线观看av无需播放器| 免费看的黄网站| 91久久精品国产91久久性色tv| 最近中文字幕国语免费完整| 国产中文字幕第一页| mm131美女爽爽爽作爱视频| 欧美性xxxx极品| 国产三级a三级三级| av成人免费电影| 曰本女同互慰高清在线观看| 另类视频第一页| 8x8x华人永久免费视频| 日本无遮挡边做边爱边摸| 免费成人午夜视频| 亚洲武侠欧美自拍校园| 成视频年人黄网站免费视频| 亚洲精品456| 香蕉视频污在线观看| 女人张开腿让男人桶个爽| 亚洲AV永久无码一区二区三区| 美女被爆羞羞网站在免费观看| 国产麻豆91在线| 久久久久久国产精品美女| 波多野结衣在线看片| 国产做受视频120秒试看| aaaa级毛片| 日韩在线视频二区| 伊人久久大香线蕉免费视频| 国产挤奶水主播在线播放| 娇BBB搡BBBB揉BBBB| 乱子伦xxxx| 男男gay做爽爽的视频免费| 国产男女爽爽爽免费视频| 一级做a爰片性色毛片刺激 | 亚洲一区精品无码| 精品国内自产拍在线视频 | 中文字幕不卡在线| 欧美性猛交xxxx乱大交| 午夜男女爽爽影院网站| 日本尤物精品视频在线看|