China’s opening-up policies are progressing strongly alongside its vision for high-quality development. A China-Brazil joint solar energy project in Brazil stands out as a concrete example of this process. The project manager stated that this initiative has generated approximately 18 million reais in revenue for Brazil and provided employment for more than 2,000 people during its construction phase. Such projects demonstrate how China is expanding its foreign investments and deepening its integration into the global economy.
Bao Shujun, an expert from China’s National Development and Reform Commission, evaluated the economic developments of 2024 and the goals for 2025, highlighting three key aspects of the opening-up process: the growth of foreign trade, the increase in foreign investments, and the expanding cooperation within the Belt and Road Initiative. In 2024, China’s foreign trade grew by 5%, exceeding 43 trillion yuan, while foreign direct investment reached $116.2 billion.
Notably, trade under the Belt and Road Initiative accounted for more than 50% of China’s total foreign trade for the first time, highlighting its growing impact on the global economy. Looking ahead to 2025, China aims to strengthen its foreign trade policies, encourage new foreign investments, and further integrate infrastructure projects.
http://finance.people.com.cn/n1/2025/0310/c1004-40435965.html