Higher-level opening-up to offer new possibilities

China’s commitment to advancing reform and development through higher-level opening-up is set to unlock new opportunities for multinational corporations and trading partners, according to business leaders and market analysts. This strategic focus, outlined in the Recommendations of the Central Committee of the Communist Party of China for the 15th Five-Year Plan (2026-30), emphasizes institutional opening-up, safeguarding the multilateral trading system, and promoting international economic flows. These measures aim to spur new growth drivers and enhance resilience against global risks such as protectionism and geopolitical uncertainties. A communique issued after the fourth plenary session of the 20th CPC Central Committee highlighted China’s intention to open wider to the world, innovate trade practices, expand two-way investment cooperation, and pursue high-quality Belt and Road initiatives. Mei Xinyu, a researcher at the Chinese Academy of International Trade and Economic Cooperation, noted that these efforts will attract quality foreign investment and strengthen global confidence in China’s development. Foreign business leaders, including Poh-Yian Koh of FedEx and Jens Eskelund of the European Union Chamber of Commerce in China, expressed optimism about the policy directions, citing potential for expanded market access and a more enabling business environment. Companies like Kone Corp and ABB Group are also leveraging China’s urbanization and energy transition strategies to deepen their investments and innovation capabilities. China’s foreign direct investment (FDI) in the first three quarters of 2025 reached 573.75 billion yuan ($80.68 billion), with significant increases from key trading partners. Despite global economic challenges, China remains a stabilizing force and a key growth engine for the global economy.