Five key Chinese economy phrases in 2021

0 Comment(s)Print E-mail Xinhua, January 10, 2021
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Aerial photo shows a China-Europe freight train bound for Duisburg of Germany departing from Tuanjiecun Railway Station in southwest China's Chongqing, Jan. 1, 2021. (Xinhua/Tang Yi)

China further strengthened connections with the rest of the world in 2020, with the signing of the landmark Regional Comprehensive Economic Partnership and the conclusion of negotiations for the China-EU investment treaty.

With these agreements in 2021, China will achieve a higher level of regional economic integration with southeastern Asia and Europe, said Tu Xinquan, a professor at the University of International Business and Economics.

Tu said these efforts would lay a sound foundation for China to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and facilitate the negotiations on the China-Japan-ROK free trade agreement.

The rollout of opening-up measures demonstrated China's determination to open its domestic market to the world and engaging in the world economic system, which will eventually benefit consumers globally, Tu added.

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