China’s Unfaltering Commitment To Opening Up

Speaking in the Chinese capital, Beijing on December 4, 2024 at an event to present the Hainan Free Trade Port to the world, the Chinese Foreign Minister, Wang Yi stressed his country’s determination to promote high-quality Belt and Road cooperation and implement the Global Development Initiative, Xinhua news agency reported. 

Hainan Free Trade Port
Wang said that the construction of the Hainan free trade port has gained momentum and the region has attracted an increasing number of regional and global enterprises to invest and operate business, presenting a new and dynamic environment of openness and progress. The Hainan Free Trade Port has become a new frontier of China's institutional opening up, a new hot spot for regional mutually beneficial cooperation, and a new engine driving economic globalization, Wang said.

Seeing, Believing
"Seeing is believing, and everyone is welcome to visit Hainan and gain firsthand experience," he added. Wang said China will adhere to open, innovative, green, inclusive, and peaceful development. In June 2020, China released a master plan with aims to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century.

Selling Hainan To The World 
Major officials of the island province of Hainan were invited to make presentations to more than 500 attendees, including diplomats and officials from over 160 countries, representatives from international organizations, central and local government officials, and representatives from enterprises, international trade associations, and domestic and foreign media, Xinhua said.

Overall Stability, Steady Progress
Meanwhile, latest data on China's economic performance in November 2024 and the recent key high-level meetings on China's economic work indicate that the country's economy has maintained overall stability and made steady progress in 2024, Xinhua reported on December 18, 2024.

Sterling GDP Growth 
For example, China's GDP grew 4.8 per cent in the first three quarters of 2024, highlighting the Chinese economy's continuing sound fundamentals, favourable conditions, strong resilience and great potential. While its general trend of high-quality development and steady progress has been maintained, said Evandro Carvalho, a professor at Brazil's prestigious Getulio Vargas Foundation.

Foundation For Stronger Growth 
According to Oliver Pearce, the founder of Corporate Perspectives, an international public relations company in Britain, China's economic performance this year is impressive and sets the foundation for stronger growth going forward. This positive momentum should be well-supported by the timely policy announcements from Beijing in recent weeks, which will stimulate further growth in 2025, Pearce noted.

Positioned For Quality Growth 
With strong policies and practical partnerships, China is well-positioned for high-quality ...