china.org.cn
Global Openness Declines, But China Shows Progress
The World Openness Report 2024 reveals a declining global openness trend, but highlights China's progress as a positive exception. The report also notes areas of increasing international cooperation.
English
China
ChinaInternational CooperationProtectionismGlobal OpennessEconomic GlobalizationChina's Economy
Chinese Academy Of Social Sciences (Cass)Research Center For Hongqiao International Economic ForumInstitute Of World Economics And Politics
Zhang YuyanChristopher PissaridesQu Weixi
- How does China's openness compare to the global trend?
- China is highlighted as a positive exception, showing an 11.89% increase in its openness index from 2008 to 2023, reaching 0.7596 in 2023.
- What factors are contributing to the decline in global openness?
- The report attributes the global decline in openness to rising unilateralism and protectionism, slowing economic growth, increased tariffs, intensifying geopolitical risks, and the COVID-19 pandemic.
- What are some areas of growing international cooperation identified in the report?
- While the overall trend is downward, the report identifies digital opening-up, environmental and climate governance, and the service sector as areas of growing international cooperation, offering new opportunities for growth.
- What is the overall trend of global openness according to the World Openness Report 2024?
- The World Openness Index, measuring openness in 129 economies from 2008 to 2023, shows a global decline in openness, with a 2023 index of 0.7542, down from 0.7554 in 2022.
- What is the opinion of Nobel laureate economist Christopher Pissarides on economic sanctions and their impact?
- Economist Christopher Pissarides highlighted the negative impact of economic sanctions on globalization, expressing concern about their persistence despite their detrimental effect on global openness.