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Xiconomics: China’s vision for an open world economy in a turbulent era

2026-01-22 16:49   Xinhua

  An auto transport carrier crosses the Lewiston-Queenston Bridge on its way to Canada, as seen from the Canadian side in Niagara Falls, Ontario, Canada, April 9, 2025.

  CHINA'S APPROACH

  China's approach to the global economy, as Xi observed, has consistently emphasized openness, cooperation and a long-term perspective on economic globalization.

  "Whether you like it or not, the global economy is the big ocean that you cannot escape from," Xi said in his 2017 WEF speech, warning that attempts to cut off the flows of capital, technology and people would only run counter to economic reality.

  In July 2025, he told a group of new ambassadors to China that China will steadfastly expand high-standard opening up and share the benefit of its supersized market, so that the country's advancement will bring new opportunities for other countries and inject greater certainty into global economic growth.

  "China's emphasis on openness, inclusiveness, and fairness speaks directly to the core aspirations of developing countries, which have long sought a global economic system that enables growth rather than constrains it," Lewis Ndichu, director of research at the Nairobi-based Centre for China Africa Policy, told Xinhua.

  "For many in the Global South, openness is not about unfettered liberalization but about meaningful access to markets, technology and finance on equitable terms. China's proposals resonate because they recognize this distinction and place development at the center of globalization," he said.

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