Expert roundup: Worldwide analysts commend China's "economic openness"
At this year's "two sessions," international interest has centered on China's initiatives to enhance its private sector and elevate the openness of its financial markets.
TroibNews 
This year's national "two sessions" has emerged as a pivotal political event influencing the nation's policy direction, attracting considerable overseas interest. The spotlight has been on China's initiatives to enhance its private sector, open its financial markets at a high level, nurture new productivity drivers, and accelerate its green transition.
In the government work report presented on March 5, various measures were outlined to promote high-level openness, stabilize foreign trade and investment, and stimulate growth in cross-border e-commerce and innovative service sectors. The report also emphasized the importance of developing green and digital trade, encouraging foreign investment, and expanding pilot reforms in telecom, healthcare, and education. The economic objectives articulated in the report, especially the emphasized 5 percent annual GDP growth target, have received significant attention from international media.
Recent shifts in global trade dynamics, characterized by a surge in South–South trade that is supplanting traditional East–West routes, were highlighted by Joseph Ngai, chairman of McKinsey China, in an interview with CN.
Following the UK–China Economic and Financial Dialogue in January, co-chaired by Vice-Premier He Lifeng and UK Chancellor of the Exchequer Rachel Reeves, The Times noted the challenges in UK–China relations while underscoring that enhancing financial connections with China could yield growth and employment opportunities in Britain.
Shukhrat Ibragimov, CEO of Eurasian Resources Group, pointed out that China is a pivotal force in the clean-energy transition and is the largest consumer of minerals worldwide—representing a significant opportunity for the natural resources sector.
Richard Xu, Morgan Stanley's head of China Financial Research, attributed the anticipated shift toward a technology- and innovation-led economic model in China to robust government support, expressing expectations for additional market-driven policies to maintain growth.
Ning Zhang, senior China economist at UBS Investment Bank, emphasized that bolstering private enterprises continues to be a top priority, forecasting further policy and legislative initiatives to strengthen the private sector.
During a recent Politburo meeting of the Communist Party of China Central Committee, leaders underscored the necessity of proactive macroeconomic policies to enhance domestic demand. Lu Ming, executive dean of the Shanghai Institute for National Economy at Shanghai Jiao Tong University, remarked that China retains a crucial advantage in global manufacturing and has significant potential in the services sector.
Sophie Wagner for TROIB News
In the government work report presented on March 5, various measures were outlined to promote high-level openness, stabilize foreign trade and investment, and stimulate growth in cross-border e-commerce and innovative service sectors. The report also emphasized the importance of developing green and digital trade, encouraging foreign investment, and expanding pilot reforms in telecom, healthcare, and education. The economic objectives articulated in the report, especially the emphasized 5 percent annual GDP growth target, have received significant attention from international media.
Recent shifts in global trade dynamics, characterized by a surge in South–South trade that is supplanting traditional East–West routes, were highlighted by Joseph Ngai, chairman of McKinsey China, in an interview with CN.
Following the UK–China Economic and Financial Dialogue in January, co-chaired by Vice-Premier He Lifeng and UK Chancellor of the Exchequer Rachel Reeves, The Times noted the challenges in UK–China relations while underscoring that enhancing financial connections with China could yield growth and employment opportunities in Britain.
Shukhrat Ibragimov, CEO of Eurasian Resources Group, pointed out that China is a pivotal force in the clean-energy transition and is the largest consumer of minerals worldwide—representing a significant opportunity for the natural resources sector.
Richard Xu, Morgan Stanley's head of China Financial Research, attributed the anticipated shift toward a technology- and innovation-led economic model in China to robust government support, expressing expectations for additional market-driven policies to maintain growth.
Ning Zhang, senior China economist at UBS Investment Bank, emphasized that bolstering private enterprises continues to be a top priority, forecasting further policy and legislative initiatives to strengthen the private sector.
During a recent Politburo meeting of the Communist Party of China Central Committee, leaders underscored the necessity of proactive macroeconomic policies to enhance domestic demand. Lu Ming, executive dean of the Shanghai Institute for National Economy at Shanghai Jiao Tong University, remarked that China retains a crucial advantage in global manufacturing and has significant potential in the services sector.
Sophie Wagner for TROIB News
