The private sector is playing an increasingly pivotal role in China’s high-quality opening up to the world. In the first 11 months of 2024, private enterprises accounted for over 55% of the total value of foreign trade, marking a two-percentage-point increase from the previous year.
Li Yong, Chief Researcher of D&C Thinktank, emphasized the significance of this growth, highlighting how private businesses are driving innovation and expanding China’s global trade footprint. This surge not only underscores the resilience of the private sector but also reflects China’s commitment to creating an open and dynamic economic environment.
As China continues to integrate with global markets, the private sector's contribution is expected to soar, fostering stronger international partnerships and enhancing the overall quality of trade relations.
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Private sector plays vital role in China's high-quality opening up
cgtn.com
