China has introduced a comprehensive action plan for 2025 aimed at stabilizing foreign investment, featuring 20 policy initiatives organized under four main strategic priorities: gradual expansion of voluntary opening-up, improved investment facilitation, enhancements to open-economy platforms, and optimization of service systems.

This initiative has been widely perceived as a reaffirmation of China's dedication to a high-level opening-up policy, which has become a pivotal aspect of its national strategy and a core characteristic of Chinese modernization.

Over the past four decades, this policy has evolved from the establishment of special economic zones to the current framework of pilot free trade zones and the Belt and Road Initiative (BRI), reflecting China's integration into the global economic landscape and fostering new models of international collaboration.

Currently, China is implementing proactive policies to encourage openness across numerous sectors, achieving significant milestones that mark its transition into a more globally integrated economy.

Research by the International Monetary Fund indicates that a 1 percentage point increase in China's growth rate typically correlates with a 0.3 percentage point growth increase in other economies, showcasing the positive spillover effects of its economic dynamism.

Recent initiatives highlight China's shift toward transforming its immense domestic market into a growth catalyst for global economies.

For instance, Tesla has commenced operations at its first overseas energy storage Megafactory in Shanghai, while Siemens Healthineers has established a new medical equipment research and production facility in Shenzhen.

Additionally, Yum China plans to scale up the number of its outlets in mainland China to 20,000 by 2026.

Moreover, beginning December 1, 2024, China will implement zero-tariff treatment on 100 percent of tariff lines for all least developed countries holding diplomatic relations with China, which is projected to significantly boost imports from these nations.

This strategic move aims to enhance trade reciprocity and further integrate emerging markets into global value chains.

China has emerged as a crucial trading partner for over 150 countries and regions, reinforcing its role as a central hub in global commerce.

This open approach not only facilitates China's economic progress but also serves to energize worldwide economic growth.

The country is increasingly positioning itself as a stabilizing force amidst rising unilateralism and protectionism globally by deepening international collaboration through domestic advancements and advocating for structural reforms aimed at establishing a more inclusive global economic framework.

The initiatives outlined in the BRI, conceptualized as a public good, have played a significant role in advancing global economic cooperation and reciprocal growth, earning recognition as a novel model of economic globalization.

China's high-level opening-up strategy aims not only to distribute the benefits of its economic success but also to reformulate global governance structures, advocating for a community with a shared future for humanity.

This multifaceted engagement resonates with a commitment to equitable development, supporting other developing countries in their bid for prosperity while promoting a balanced, orderly multipolar world that champions universally beneficial and inclusive economic globalization.