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Economy: Prosper, Not Decay

April 30, 2025 Catherine Williams Business
News Context
At a glance
  • Giving priority to a country and the domain of a country goes against the tendency of time.
  • China adheres to the true multilateralism and continues to inject openness and vitality to the world economy with its own high quality development, becoming a "site of certainty"...
  • Since the initiative of the Strip and the Route was proposed, the areas of cooperation have been diversified continuously, the scope of cooperation has increasingly expanded and the...
Original source: spanish.peopledaily.com.cn

Por Cui Yige

The world economy ocean is not anyone’s private pond. Giving priority to a country and the domain of a country goes against the tendency of time. Faced with the opposite winds of commercial protectionism and unilateralism, China has chosen to relieve development difficulties through unity and look for mutual benefit results through cooperation, and share with the world the development opportunities generated by the modernization of China.

China adheres to the true multilateralism and continues to inject openness and vitality to the world economy with its own high quality development, becoming a “site of certainty” in a world full of uncertainty.

Since the initiative of the Strip and the Route was proposed, the areas of cooperation have been diversified continuously, the scope of cooperation has increasingly expanded and the results of cooperation have continued to benefit the peoples of more than 150 countries. It has become the most popular international public product and the world’s largest international cooperation platform today.

China has presented the Open and Inclusive Cooperation Initiative “South Global”, has announced its support for eight “Global South” cooperation initiatives, has reversed and mobilized almost 20,000 million dollars in development funds and has carried out more than 1,100 projects, injecting a strong impulse to the development and revitalization of the “global south” with practical actions.

The “small patio with high fences” cannot stop the development of China. In 2024, China established about 60,000 new companies with foreign investment, an year -on -year increase of 9.9%. Maintaining an upward and trustworthy position towards China remains the consensus among many foreign companies. Since the implementation of the 20 measures to stabilize foreign investment to the proposal to increase political efforts in the “Government’s work” this year, China has always fulfilled its commitment to high -level opening and has continued to create a market -oriented business environment -oriented environment, based on the law and internationalized.

On April 24, the “negative list for market access (2025)” was published. Since China published the first edition of the negative access list to markets in 2018, after four reviews in 2019, 2020, 2022 and 2025, the number of items on the list has been reduced from 151 in the 2018 version of 2018 to the current 106, a reduction of around 30%.

The list is shortened and the door opens more. As the “Circle of Friends” without a visa of China continues to expand, the value of Chinese passports is increasing, and several departments have frequently launched a combination of policies to actively provide more convenience for foreigners to travel, work, study and live in China.

Taking Beijing as an example, since December 17, 2024, more than 1.3 million foreigners have entered and left the ports of Beijing, of which more than 310,000 foreigners have enjoyed various visa policies, an interannual increase of 150% compared to before the policy was issued.

On April 27, the Ministry of Commerce and six other departments issued a notice on the additional optimization of the policy of return taxes to expand incoming consumption, further enrich the market offer, optimize tax return services and expand incoming consumption.

More and more foreigners see the true China, full of energy and vitality. More and more multinational companies realize that investing in China is to invest in the future.

As the second largest economy in the world, China’s average annual contribution to global growth is around 30%. It is the main commercial partner of more than 150 countries and regions. He has maintained his position as the largest commercial country in the world and the second largest importer of goods for many years. It is an indispensable link for the stability and proper functioning of world production and supply chains.

It doesn’t matter how the wind and rain are strong, China’s determination to expand high -level opening will not change, and its determination to share development opportunities with the world will not change.

China, which has an extremely large market, is firmly committed to promoting a high -level opening and will undoubtedly provide a “source of power” and a “stability anchor” for the development of the world economy.

(Web Editor: Rosa Liu, Zhao Jian)

China’s Commitment to Global Cooperation and Openness: A ⁢Deep Dive

Q: What is China’s overall approach to global economic cooperation?

China views the global economy as a⁢ shared‍ space, rejecting ⁤the idea‍ of any single nation dominating it. The country has⁣ chosen ⁢to address development challenges through collaboration and mutual benefit, sharing‍ the advantages of its modernization with⁢ the world. China’s commitment to true multilateralism⁤ is unwavering.

Q: How does China support‍ the “Global South”?

China actively supports the development of the ⁤”Global South” ⁢through:

⁢ The Open and Inclusive ⁢Cooperation Initiative

⁤ Announcing support for eight “Global South” cooperation⁢ initiatives.

Mobilizing nearly $20 billion in development funds.

Carrying out over⁢ 1,100 projects.

Q: How is China fostering international cooperation ‍through the Belt and⁣ Road ⁢Initiative?

The Belt and Road Initiative has become the world’s largest platform‍ for international cooperation.⁣ It has grown, expanded to various areas, ⁤and benefited more than 150 countries.

Q: ⁢How is China opening its market to foreign investment?

China is committed to high-level opening up. Key ⁢initiatives include creating a market-oriented, law-based, and internationalized business surroundings.such as,in 2024,China established around 60,000 new companies with foreign investment,a year-on-year increase of 9.9%.

Q: What changes have been made to market access in China?

The “negative list for market ⁢access”⁢ has been shortened.

The number of⁢ restricted items⁢ was reduced from⁢ 151 in 2018 to 106 in 2025.

Q: What visa-related policies are China implementing?

China is expanding its “Circle of Friends” by increasing the value of Chinese passports. Several departments are actively launching policies‍ to provide more convenience for foreigners traveling, ⁤working, studying, and living in⁢ China.

Q: Can you provide specific examples ‍of increased foreign travel to china?

Certainly.Taking Beijing as an example:

Period: As December 17, 2024

Total Foreign Entries/Exits: ⁢ Over 1.3 million

Foreigners utilizing visa policies: Over 310,000

Year-on-year increase: 150% (compared to before the policy)

Q: What efforts are ⁢being made to boost⁢ consumption from abroad?

On April 27, the Ministry of Commerce ⁣and ⁣six other departments issued a notice to optimize tax return policies to encourage incoming consumption.This includes enriching‍ market offerings and improving tax return services.

Q: What is china’s role in the global economy?

China is a major driver ⁣of global economic growth,⁢ contributing ⁣approximately 30% annually. It is indeed the primary trading partner for ‍over 150 countries and regions. China⁣ holds the position of the world’s⁣ largest commercial country and the second-largest goods importer. China is a crucial element of global production and supply⁤ chain stability.

Q: What is China’s long-term ⁤commitment ⁢to international engagement?

China’s commitment to expanding ⁤its ‍high-level⁤ opening remains steadfast. It is indeed resolute to share development opportunities globally. China, with its large market, provides a source ⁣of power and a stabilizing force for world economic development.

Q: What are the key takeaways about investing in China?

More and more multinational companies recognize⁣ that investing in China equates to investing in the future.

Summary of Key Facts & Figures:

| Fact ‍ ‍| Details ‍ ⁣ ⁣ ⁤ ⁢ ⁤ ‍ ⁤ ⁣ ⁢ ⁤ |

| :————————- ⁤| :—————————————————————————————————- |

| Global Growth Contribution | Approximately 30% annually ⁤ ‍ ‍ ⁢ ⁤ ⁢ ⁣ |

| Main Trading partners ⁣ | Over 150 countries and regions⁣ ⁣ ‍ ‍ ⁤ ⁢ |

| foreign Investment (2024) | Approximately 60,000 new companies, a 9.9% year-on-year increase ‍ ‍ ⁣ ⁣ |

| Market Access List Reduction | Reduced from 151 items in 2018 to 106 in 2025 (around 30% reduction) ⁣|

| Beijing ⁢Foreign Entries (since Dec 17, 2024) | Over ⁣1.3 million entries/exits, ⁤310,000+ utilizing visa policies,⁣ 150% YoY increase |

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