China's commitment to opening-up and international cooperation contributes to global economic growth: Experts

Experts and academics have applauded the "1+10" Dialogue held in Beijing on Monday. The meeting gathered heads of major international economic organizations and highlighted China's efforts to enhance collaboration with international organizations and promote high-level opening-up.

Yang Tao, deputy director of the National Institution for Finance and Development, noted that active engagement with international organizations enhances information exchange and communication, reduces misunderstandings and builds consensus, as well as facilitating the implementation of major innovative projects in the global economic and financial sectors.

Liu Ge, a commentator for China Media Group, stressed that China's commitment to high-level opening-up not only reflects the country's determination to deepen its integration into the global economy, but also serves to stabilize its foreign investment and trade while shaping a new framework for comprehensive opening-up.

The experts also emphasized the importance of such efforts in supporting globalization and driving global economic growth, while promoting its own development, against a backdrop of sluggish world economic growth and rising unilateralism and protectionism.

The free trade system has been undermined by some countries bypassing international economic organizations, unilaterally imposing additional tariffs, and adopting trade and investment protectionist measures, said Sang Baichuan, dean of the Institute for International Economy at the University of International Business and Economics. In this context, China should engage in dialogue and further deepen its cooperation with international economic organizations, facilitating a clearer understanding of the dynamics of China's economy, he added.

Ren Lin, director of the Department of Global Governance at the Institute of World Economics and Politics of Chinese Academy of Social Sciences, highlighted that enhancing macroeconomic policy coordination among major economies is crucial for effectively mitigating negative spillover effects from developed economies. She also stressed the importance of amplifying voices from the Global South and collaboratively exploring new drivers for global economic growth.