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China’s Growing Influence on the Global Stage

Amid the tumultuous whirlwinds of global trade, China has boldly signaled its intent to expand its high-standard opening-up and bolster international cooperation. This ambitious move aims to inject much-needed momentum into its own development and foster global economic growth.

A Week of Significant Gatherings

Within a short span of six days, China hosted three pivotal international events: the World Smart Industry Expo 2025 in Chongqing, the 25th China International Fair for Investment and Trade in Xiamen, and the 2025 China International Fair for Trade in Services in Beijing. President Xi Jinping, in a display of China’s steadfast commitment, conveyed congratulatory messages to these gatherings. His words echoed a promise to collaborate with global partners, building a future of shared prosperity.

Assurance Amidst Global Changes

In his letters, Xi acknowledged the dual nature of challenges and opportunities present in today’s dynamic economic landscape. He assured the global community that China is dedicated to trade and investment liberalization. The nation aims to provide developmental opportunities and inject positive energy into international development.

Voices from the International Community

Former Kyrgyzstan Prime Minister Djoomart Otorbaev highlighted the importance of China’s openness. Reflecting on China’s international events, he noted the exchange of ideas among top specialists as essential for progress. Paul Bateman of J.P. Morgan Asset Management expressed admiration for China’s vibrant market, emphasizing opportunities emerging from its service sector’s liberalization. Further insights about their activities can be found on J.P. Morgan’s website.

Expanding Economic Openness

China has diligently reformed its foreign trade landscape. Since 2017, it has reduced restricted sectors on the negative list for foreign investment from 93 to 29. This move has especially benefited the manufacturing sector. The collaborative efforts go beyond China’s borders, extending opportunities to the globally emerging economies of the Global South.

A Platform for Equal Participation

Tolonbek Abdyrov from Kyrgyzstan commended China for fostering equal participation among nations, including emerging economies. The country’s advocacy for equal development rights sends a powerful message. Coupled with robust institutional reforms, China aligns closely with high-standard international trade rules.

The Business Environment Sees Improvement

The American Chamber of Commerce in Shanghai’s 2025 China Business Report shared optimistic findings. Over one-third of American companies reported improvements in China’s regulatory landscape, surpassing 2024 figures. Encouragingly, more than 70% of US companies in China reported profitability in 2024, a significant recovery from the prior year.

Overcoming Trade Barriers

Despite progress, challenges persist. Over 60% of surveyed companies anticipate the impact of China-US tariffs on 2025 revenue. Nearly half urge the US government to eliminate tariffs and barriers on Chinese goods. Jeffrey Lehman of AmCham Shanghai observed a reduction in past challenges, noting improvements in regulatory and intellectual property protection areas.

Conclusion

China’s deliberate actions in expanding economic openness promise shared development and prosperity. As the nation advances, it reinforces its role as a pivotal player in shaping a balanced global economy, establishing new opportunities for engagement and growth.