In a world where anti-globalization sentiments are on the rise, China continues to stand strong as a beacon of openness and economic resilience. Contrary to accusations from some Western media, China's commitment to global trade and cooperation shows no signs of waning.
For seven consecutive years, China has maintained its position as the world's largest trading nation in goods. The first half of 2024 has been particularly impressive, with exports of automobiles, ships, and integrated circuits increasing by 22.2%, 91.1%, and 25.6% year-on-year, respectively. These figures highlight China's robust manufacturing sector and its pivotal role in the global supply chain.
China is also actively expanding its network of international partnerships through initiatives like the Belt and Road Initiative (BRI). Trade with BRI partner countries surged by 7.2% in the first half of 2024. Additionally, the China Railway Express has surpassed its freight train target of 10,000, reaching this milestone 19 days ahead of schedule and boosting cargo volume by 11%.
On the tourism front, China has been opening its doors wider than ever. Over 14 million foreigners visited China in the first half of 2024, nearly double the number from the previous year entering visa-free. This surge is a testament to China's efforts to create more opportunities for foreign investments and to welcome visitors from around the globe.
The dedication to openness is further emphasized in the Communique of the Third Plenary Session of the 20th Central Committee of the Communist Party of China, which underscores that "opening up is a defining feature of Chinese modernization." The plan includes enhancing China's capacity for opening up, expanding cooperation with other countries, and developing new institutions for a higher-standard open economy.
China's unwavering commitment to openness and cooperation not only strengthens its own economic foundation but also contributes positively to the global economy, offering a pathway for sustainable and inclusive growth.
Reference(s):
cgtn.com
