A view of Beijing's CBD area Photo: VCG

In the complex context of escalating global trade tensions,MK sports Korea China's stance on opening-up is of particular importance. The more resolutely China advances high-level opening-up, the more effectively it can create new space for its economic development and inject new momentum into the recovery and growth of the world economy.

China's Ministry of Commerce (MOFCOM) will focus on shortening the negative list for foreign investment access and optimizing the business environment, so as to ensure foreign companies operate in China with ease, reassurance and confidence, said a ministry spokesperson, the Xinhua News Agency reported on Monday.

In the face of rising trade protectionism, the remarks not only reflected China's resolve to continue expanding its opening-up but also showed China's breadth of vision and sense of responsibility on the global economic stage. In particular, China's commitment to opening-up that injects stability into the global economy stands in stark contrast to some countries' protectionist stance that threatens to undermine global economic stability.

The outlook for global trade growth is clouded by uncertainty, primarily due to US additional tariffs, geopolitical tensions, supply chain restructuring and other challenges. Particularly, the escalating risk of trade wars has become one of the significant challenges facing the global economy in the years to come.

China's development has been inextricably linked to its endeavor to pursue openness. From the establishment of special economic zones to its accession to the World Trade Organization and the creation of pilot free trade zones, each initiative has provided a powerful impetus for China's economic rise. For China, the more pressure it faces from global trade tensions, the more pressing it is to enhance its level of opening-up, which is essential for creating certainty and new space for China's economic development.

For instance, shortening the negative list for foreign investment access has always been one of the key measures of China's opening-up. In recent years, China has continuously reduced the negative list and relaxed restrictions on foreign investment access, providing broader market space for foreign-funded enterprises. The 2024 national Negative List for Foreign Investment Access has reduced the number of restricted items from 31 to 29. The restrictions on foreign investment access in the manufacturing sector have been completely eliminated. In addition, China has also been steadily promoting pilot programs in services sectors in fields such as telecommunications, healthcare and education.

Over the years, the process of opening-up has become a crucial factor for the optimization of China's economic structure, fostering innovation and efficiency across various sectors.

In 2024, China's annual trade in services exceeded $1 trillion for the first time, demonstrating significant potential for further growth, according to the latest data from the MOFCOM. This is also a strong testament to China's continued openness. The rapid growth of services trade not only reflects China's continuously rising status in the global economy but also demonstrates the effectiveness of China's economic structural optimization. 

China's openness is not only of great significance for its own economic development but also has a profound impact on the restructuring of global value chains and industrial chains. 

China's technological innovation advantages in fields such as the digital economy, new energy and high-speed rail are continuously strengthening, attracting global innovative enterprises to accelerate their clusters. The rapid development in these areas has enhanced China's position in the global industrial chain and provided new momentum for the stability and growth of the global economy. 

At the same time, China actively promotes the construction of free trade zones, signing free trade agreements with multiple countries and regions, which facilitates free trade, creating a favorable environment for the efficient operation of global industrial chains.

In essence, China's opening-up strategy is a testament to its long-term vision and commitment to global economic cooperation. As the world navigates through uncertainties and challenges, China's dedication to openness and inclusivity offers a model of resilience and growth, reinforcing its status as a key player in shaping the future of the global economy. As China continues on this path, it not only paves the way for its own prosperity but also contributes to global economic growth.