Skip to Content Facebook Feature Image

China to expand institutional opening-up, strengthen global trade engagement

China

Video Player is loading.
Current Time 0:00
Duration -:-
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
Â
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
      China

      China

      China to expand institutional opening-up, strengthen global trade engagement

      2025-03-24 17:24 Last Updated At:03-25 00:37

      China will this year steadily expand institutional opening-up, promote reform and development through opening-up, and promote inclusive economic globalization in the interest of all parties, a senior official from the Ministry of Commerce said on Monday.

      Addressing the China Development Forum 2025 in Beijing, Li Yongjie, Deputy International Trade Representative at the Ministry of Commerce, outlined China's plans to implement the Free Trade Zone (FTZ) upgrading strategy, which is designed to strengthen the institutional framework for reform and opening-up.

      The strategy aims to enhance FTZ quality, broaden reform authorizations, and promote innovative and integrated approaches to institutional opening-up. The goal is to create a stable, predictable environment that supports high-quality development, Li explained.

      "Last month, we released the 2025 Program of Action for Stabilizing Foreign Investment, rolling out a package of 20 policy measures aimed at supporting multinational companies' investment and deepening their engagement in China. Going forward, we will continue to advance comprehensive pilot programs to expand openness in the services sector, facilitate the orderly opening of fields such as internet culture, and expand the operation of pilot projects in sectors like telecommunications, healthcare and education," Li told the forum.

      In addition, China plans to expand its network of high-standard FTZs and raise the level of openness in free trade agreements (FTAs), focusing on service trade, investment, negative lists, technology standard cooperation and the digital economy. These efforts aim to strengthen China's integration with global markets and further promote autonomous and unilateral openness.

      Li further emphasized China's commitment to global economic governance, stating that the country will continue to promote joint construction of the Belt and Road with high standards.

      She also reaffirmed China's support for the multilateral trading system centered around the World Trade Organization (WTO) and its commitment to maintaining an open and fair international trade order, while promoting shared development by expanding converging interests with other countries.

      The two-day China Development Forum 2025 is held with the theme "Unleashing Development Momentum for Stable Growth of Global Economy." This year's event features 12 symposiums covering topics such as healthcare, consumption, artificial intelligence, and sustainable supply chains.

      China to expand institutional opening-up, strengthen global trade engagement

      China to expand institutional opening-up, strengthen global trade engagement

      Next Article

      Global AI governance cannot happen without China: American columnist

      2025-03-27 05:02 Last Updated At:08:17

      It's impossible to build a system of governance that ensures artificial intelligence (AI) systems always operate and police themselves in alignment with both human and machine well-being without the participation of China, American columnist Thomas L. Friedman said in an article on Tuesday.

      Friedman, a three-time Pulitzer Prize winner and the author of "The World Is Flat: A Brief History of the Twenty-First Century," attended the China Development Forum 2025 held on March 23 and 24 in Beijing.

      Based on what he saw and heard during the event, Friedman published an article in the New York Times titled "What I'm Hearing in China This Week About Our Shared Future" on Tuesday.

      "There is an earthshaking event coming — the birth of artificial general intelligence (AGI). The United States and China are the two superpowers closing in on AGI — systems that will be as smart or smarter than the smartest human and able to learn and act on their own," the article reads.

      Friedman cited an M.I.T. Technology Review report on the "16 humanoid robots" that danced on stage during China's televised Spring Festival gala this year which read: "Clad in vibrant floral print jackets, they took part in a signature ... dance, twirling red handkerchiefs in unison with human dancers."

      Friedman wrote in his column that "In their day job, these robots work assembling electric vehicles. Dancing was just their hobby."

      "The advances that China has made on AI in just the past year have made it absolutely clear that Beijing and Washington are now the world's two AI superpowers," Friedman wrote.

      He mentioned a recent report by Morgan Stanley describing China's dominance over the West in the humanoid robot industry, saying the country is home to a majority of the top-listed companies in this sector.

      Noting AI systems and humanoid robots offer so much potential benefit to humanity, Friedman warned they could also be hugely destructive and destabilizing if not embedded with the right values and controls.

      He repeatedly stressed the importance of collaboration between the U.S. and China in AI.

      "Because what Soviet-American nuclear arms control was to world stability since the 1970s, U.S.-Chinese AI collaboration to make sure we effectively control these rapidly advancing AI systems will be for the stability of tomorrow's world," Friedman wrote.

      "China has greatly narrowed the gap with us and surpassed the other democracies. This can't be done without Beijing. So guess who's coming to dinner. It's a table for two now," he said.

      Friedman wrote in the article that "Once AGI arrives, if we are not assured that these systems will be embedded with common trust standards, the United States and China will not be able to do anything together."

      He pointed out that in this case, neither side will trust anything they trade with the other, because AI will be in everything that is digital and connected, including cars, watches, toasters, chairs, implants, and notepads.

      "So if there is no trust between the U.S. and China and each of the two countries has their own AI systems, it will be the TikTok problem on steroids. A lot of trade will just grind to a halt, with only soybeans for soy sauce sold to each other," Friedman wrote, saying "It will be a world of high-tech feudalism."

      Friedman said he was taken with a speech by Israeli historian Yuval Noah Harari during the conference, who said that "We should build more trust between humans before we develop truly superintelligent AI agents. But we are now doing exactly the opposite. All over the world, trust between humans is collapsing. Too many countries think that to be strong is to trust no one and be completely separated from others. If we forget our shared human legacies and lose trust with everyone outside us, that will leave us easy prey for an out-of-control AI."

      Global AI governance cannot happen without China: American columnist

      Global AI governance cannot happen without China: American columnist

      Recommended Articles
      Hot · Posts