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China enters new stage of opening-up
2018-07-03 16:46:00

INSIDE GLOBAL TRADE

Policy Brief No. 201842

July 3, 2018

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China enters new stage of opening-up

Su Qingyi

 

Both historical and international experiences show that only by further opening up to the outside world can China continue to develop its economy and maintain its vitality. However, the level and rhythm of opening-up must be adjusted according to the national conditions.

For least-developed and developing countries, their process of opening-up to catch up with the developed world generally goes through three phases: participation, deepening and maturity.

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