SOURCE / ECONOMY
China to pursue broader opening-up policy: spokesperson
Published: Nov 29, 2022 08:21 PM
Visitors view alpaca products at a booth of an Australian company at the fifth China International Import Expo (CIIE) in east China's Shanghai, Nov. 7, 2022. Exhibitors from Australia, New Zealand and Peru have displayed alpaca-fur products at the fifth CIIE in Shanghai, attracting many visitors.(Photo: Xinhua)

Visitors view alpaca products at a booth of an Australian company at the fifth China International Import Expo (CIIE) in east China's Shanghai, Nov. 7, 2022. Exhibitors from Australia, New Zealand and Peru have displayed alpaca-fur products at the fifth CIIE in Shanghai, attracting many visitors.(Photo: Xinhua)

China will continue to pursue its opening-up policy on a larger scale and in a deeper manner, Foreign Ministry spokesperson Zhao Lijian said on Tuesday.

Opening-up is the "inevitable path" for developmental progress and China will adhere to implementing a wider and deeper opening-up, Zhao told a regular press conference in Beijing.

The country will continue on the Chinese road to modernization and build a higher-level open economy, injecting sustained impetus into the global economic recovery and growth, he said, responding to a request for the comment on recent remarks made by former World Bank economist Mwangi Wajira.

China's sustained economic development added dynamism to the global economy, and the country is on the right side of history in keeping on promoting economic globalization, Wajira said, reckoning that China's high-quality development will bring more confidence and opportunities for the world, according to media reports.

Over the past decade, the Chinese economy recorded an average annual growth rate of 6.6 percent and its contribution to world economic growth averaged more than 30 percent. Last year, China's GDP accounted for 18.5 percent of the world's total, and its foreign trade hit $6.9 trillion, consolidating its position as the world's second-largest economy and the top trading country, official data showed.

In the face of domestic and overseas headwinds, the fundamentals of China's economy, which has maintained steady growth while turns for the better over the long term, haven't changed, and the economy has remained a source of positive energy for global growth, said Zhao.

China has always advocated and pushed for an open world economy, the spokesperson said, citing the push for jointly building a high-quality "Belt and Road" and fulfilling the China-proposed Global Development Initiative.

Such efforts aim for closer economic bond among varied countries and regions, and the sharing of China's developmental opportunities, to help the implementation of the UN 2030 Agenda for Sustainable Development, Zhao noted.

Global Times