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KEY POINTS
The article highlights China’s role as a magnet for foreign investment and its commitment to promoting economic globalization, despite the rise of protectionism and trade conflicts, especially with the United States. Some key points include:
1. Economic progress and openness: Under the leadership of President Xi Jinping, China has achieved “two miracles” – rapid economic development and long-term social stability, thanks to reforms, opening up to global markets and the contribution of foreign companies.
2. Importance of foreign investment: Foreign investment has stimulated economic growth and technological innovation and facilitated China’s integration into the global economic system. China continues to improve its business environment to attract foreign capital.
3. Support for multilateralism: Xi Jinping has emphasized the importance of multilateralism and international cooperation to address global challenges, positioning China as a promoter of inclusive globalization.
4. Future plans: China intends to further expand market opening, ensure equal treatment for foreign companies, and promote innovation and sustainable development.
5. Opportunities and challenges: Despite the technological restrictions and commercial obstacles imposed by the United States, China remains an attractive destination for investment, with many companies seeing the Chinese market as an opportunity for the future.
In general, the article highlights how China is trying to balance its internal growth with greater international openness and collaboration, reaffirming its crucial role in the global economy.
Read the full article here (PDF): The Alternative of Unrestricted Chinese Trade, to the Wave of Protectionism
Author: Giancarlo Elia Valori – Honorable de l’Académie des Sciences de l’Institut de France, Honorary Professor at the Peking University.