China raises the bar in fostering open economy

Greater growth: People are seen crossing a road in the central business district in Beijing. The nation is vitalising development through reform policies and opening up next year. — AFP

BEIJING: China is expected to advance institutional innovations to steadfastly expand all-around opening up and to quicken the establishment of an open economy of higher standards, according to experts and business leaders.

Such efforts will better connect domestic and foreign markets and share development dividends with the rest of the world, which will bring more certainty to the global economy amid multiple challenges, including the impact of the Covid-19 pandemic and rising protectionism, they said.