China's Unwavering Commitment to High-Level Opening-Up

The Canton Fair witnessed a significant increase in export deals, with a total value of $25.4 billion, representing a 3% year-on-year growth. This achievement demonstrates China's unrelenting efforts to expand its high-level opening-up, despite the prevailing trends of unilateralism and protectionism. By opening its doors wider to the world, China is injecting a much-needed dose of stability and predictability into the global economy, making it an attractive destination for foreign investors and a reliable partner for international cooperation.

China's high-level opening-up is an ongoing process, with the country continually exploring new ways to expand its imports, promote trade balance, and create a more favorable business environment. The China International Import Expo, the world's first national-level import-themed expo, is a prime example of China's commitment to opening up its markets and supporting trade liberalization and economic globalization. By actively building international cooperation platforms, such as the Import Expo, the Canton Fair, and the China International Fair for Trade in Services, China is providing vast opportunities for foreign enterprises to develop and thrive in its vast market.

The country's determination to expand its high-level opening-up is unwavering, with a significant increase in foreign investment and a continuous reduction in negative lists for foreign investment. The number of new foreign-funded enterprises in China reached 12,603 in the first quarter of this year, representing a 4.3% year-on-year growth. China's unwavering commitment to opening up has also led to a significant expansion of its trade and economic cooperation with the United States, with American companies enjoying substantial benefits from their investments in China.

The Sino-US economic and trade relationship is a crucial component of the global economy. Recently, the two countries held high-level economic and trade talks, agreeing to establish a Sino-US economic and trade consultation mechanism. This marks a new development stage in Sino-US economic and trade relations, where mutual benefit and cooperation will become an essential pathway for both countries to achieve their development goals. The talks, held in Switzerland, garnered significant international attention, with both countries engaging in candid, in-depth, and constructive communication across multiple domains, reaching several key consensus points and making substantive progress.

The successful convening of the talks and the achievement of substantive outcomes send a positive signal to the international community. The World Trade Organization's Director-General praised the talks for yielding "positive outcomes," viewing this as a significant step forward. The recent talks have undoubtedly reduced the gloom surrounding the global economy at a critical juncture, proving that equal dialogue should be the fundamental attitude adopted by major nations in resolving issues.

As two countries with different national conditions, China and the US inevitably have some disagreements. However, through an equal dialogue mechanism, both countries can clearly express their attitudes towards major concerns, clarify facts, explain reasons for concerns, discuss factors leading to issues, and explore possible solutions. The fact that the two countries were able to reach a series of important consensus points stems from the mutual benefit and win-win nature of Sino-US economic and trade relations.

China's expansion of high-level opening-up is aimed at promoting economic development, improving people's living standards, and injecting stability and certainty into the world economy. As China's opening-up continues to deepen, it has attracted global investors and entrepreneurs, providing new growth points for the world economy. The country's opening-up has created new opportunities for global businesses, making it an attractive destination for investment and trade.

As China remains committed to expanding its high-level openness to the world, the country is poised to continue driving economic growth, improving living standards, and injecting stability and certainty into the global economy. The Chinese government's unwavering dedication to opening up its markets and economy is expected to lead to a surge in foreign investment and entrepreneurial activity, as the country's doors open even wider to the world. With its vast market, rich human resources, and favorable business environment, China is likely to become an even more attractive destination for global investors and entrepreneurs.

The expansion of China's high-level openness is also likely to have a positive impact on the global trade landscape, as the country seeks to promote free trade and investment, and oppose protectionism. By doing so, China aims to create a more stable and predictable environment for international trade and investment, which will benefit not only China but also the global economy as a whole. As China continues to open up and integrate into the world economy, it is expected to bring about new opportunities for cooperation and collaboration between Chinese and foreign businesses, as well as between China and other countries. The country's commitment to high-level openness is a testament to its determination to become a major driver of global economic growth and a responsible player in the international community.