An up close and personal look at China’s opening up and globalization

BEIJING, November 8, 2022 /PRNewswire/ — In his speech at the 20th National Congress of the Communist Party of China, General Secretary Xi Jinping emphasized “openness” 29 times. He emphasizes it China follows the correct course of economic globalization. It seeks to promote the liberalization and facilitation of trade and investment. promoting bilateral, regional and multilateral cooperation; and strengthening international macroeconomic policy coordination. It is committed to working with other countries to promote an international environment conducive to growth and to create new drivers for global growth.

Wang Huiyao, Director of the Center for China and Globalization, he said that for those who have lived through the last half century, globalization is the physical reality that constantly changes the way people live, a drive for individuals to change the trajectory of their lives.

From personal experience, he believes there had been none of China integrating globalization with reform and opening up, it would have lost all opportunities for self-realization, and China they have also remained in limbo, without all progress being made. He says studying abroad has contributed lifelong values ​​to both his global knowledge and career, giving him skills and professional knowledge on how to work internationally while seeking to work with people from different cultural backgrounds.

of China Integration into the global system has created great benefits. of China openness laid the foundation for poverty alleviation. Since 1978, 770 million rural people living below the poverty line have been lifted out of poverty. The country achieved the poverty reduction target of the United Nations 2030 Agenda for Sustainable Development a decade ahead of schedule. It has become the second largest economy in the world and, over the past decade, has contributed over 30% of global GDP growth.

Today, globalization faces many challenges. Social inequalities, climate change, pandemics – all the complex problems embedded in the process of globalization have become a powerful force to stand against. Some have accused China as a saboteur of the international order.

But the data tells a different story. China it is one of the largest contributors to the UN peacekeeping mission among the P5 countries. Since becoming a member of the World Trade Organization, China has significantly eased market access and reduced the overall level of import tariffs from 15.3 percent to 7.4 percent, fulfilling the “TWO accession commitments”. China has been active in multilateral institutions such as the BRICS and the Shanghai Cooperation Organization.

The report of the 20th National Congress of the CCP has repeatedly emphasized this of China the door will open wider and wider, and China will continue to promote economic globalization. Wang firmly believes this China will continue to open up and defend globalization.


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