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China's Openness Drives Global Growth

China's rising openness index and commitment to high-level opening-up are driving global economic growth despite a global decline, creating opportunities for international cooperation and investment.

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China

EconomyChinaEuropean UnionGrowthGlobalizationOpenness

Chinese Academy Of Social SciencesResearch Center For Hongqiao International Economic ForumUnited Nations Industrial Development OrganizationJohnson ControlsZespri

Qu WeixiZhang YuyanCecilia Ugaz EstradaAnu RathnindeJason Te Brake

Which organizations jointly released the World Openness Report 2024?: The World Openness Report 2024, jointly released by the Institute of World Economics and Politics and the Research Center for Hongqiao International Economic Forum, indicates China's ranking improved to 38th among 129 economies in 2023.
How do economists and business leaders view China's role in global economic growth?: Economists and business leaders attending the CIIE highlight China's pivotal role in driving global economic growth through its commitment to high-level opening-up and participation in global economic governance. This has spurred reforms and created a more diversified, stable international economic framework.
What is the significance of China's openness index in the World Openness Report 2024?: China's openness index increased to 0.7596 in 2023, up from 0.6789 in 2008, signifying progress in deepening reform and expanding high-level opening-up. Despite a global decline in openness, China's commitment to this strategy creates new opportunities for global stakeholders.
How do global entrepreneurs assess China's efforts to deepen reforms and expand opening-up?: Global entrepreneurs, including those from Johnson Controls and Zespri, express optimism about China's long-term growth prospects and highlight the positive impact of China's opening-up policies on their businesses and market expansion.
What is the overall trend in global openness, and what is the perspective of experts on this trend?: While the global openness index declined in 2023, experts like Zhang Yuyan maintain that economic globalization hasn't fundamentally reversed, and positive forces promoting opening-up are still present, as evidenced by the expansion of global value chains.

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