China's Opening-up Shot In The Arm For Multilateral Trade System

- Apr 25, 2018-

 In a following inspection tour of Hainan, a southern Chinese island province that hosts the Boao forum, Xi said it will be developed into a pilot free trade zone, gradually becoming a free trade port with Chinese characteristics.

 Since 2015, China has become a country of net capital outflows and will continue to increase its overseas investments

 Already the world's second largest investment destination, China anticipates more foreign capital, especially in the manufacturing sector. The progress made in listing China A shares in the MSCI Emerging Markets and world indexes is expected to open a new channel for global investors.

 With more quality "Made in China" products being exported, the first two months of this year saw a year-on-year increase of 18 percent in exports. Chinese exports today range from raw materials and clothing to mobile phones and more innovative products.

 By opening up further, China is expected to forge closer links with global growth and contribute more to a freer, fairer and more inclusive multilateral trade system.

 

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