China Steps Up Efforts to Counter Deglobalization Through Domestic Reforms and High-Standard Opening Up
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China is injecting new energy into economic globalization to counter deglobalization trends led by the U.S. and West. Initiatives include boosting domestic demand, expanding imports and opening-up policies.
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China is expediting the new domestic circulation-focused development pattern to provide broader market resources for economic globalization.
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China is actively expanding high-level opening up, focusing on institutional opening up in rules, regulations, management and standards.
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China is promoting high-quality Belt and Road cooperation through 8 major new steps announced at the recent Belt and Road Forum.
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China is leading reforms of global economic governance institutions like the IMF, WTO and UN Framework Convention on Climate Change.