China's commitment to free trade and the global economy: A financial expert's perspective

China's commitment to free trade and the global economy: A financial expert's perspective

According to a report by german.china.org.cn, China continues to rely on free trade despite global economic setbacks and political tensions. This contrasts with the protectionist policies of some Western countries. China's Central Economic Conference has set the tone for next year's economic policy. China will comprehensively deepen reforms, expand high-level opening-up and consolidate the foundations of foreign trade and investment. The measures taken by China in recent years, as well as those introduced before and after the Central Economic Conference, show that the country is continually striving to further open up and build an open and high-quality economy. This includes the institutional opening of the pilot free trade zone in Shanghai and the introduction of visa-free travel for nationals of several countries.

China continues to rely on free trade and opening up. This strategy has potentially far-reaching effects on the global market and the financial industry. China's increased openness could lead to increased trade volumes and new investment opportunities. The financial markets could become more attractive to foreign investors through the introduction of new financial instruments as they open up. This could lead to increased competition and innovation in the financial industry.

In addition, reducing trade tensions and promoting free trade could have a positive impact on global economic growth. However, protectionist measures by other countries, particularly in the USA, could lead to tensions on the financial markets.

Overall, China's long-term strategy of further opening up and relying on free trade is a sign of the country's potential as a driving force in the global economy. This could lead to new opportunities and challenges in the financial sector.