China’s Open Policy in the Light of World Economic Trends

Abstract

Opening to the outside world is an important strategic decision. It is also a long-term, stable and fundamental policy of the country. To execute this policy, we have to depend on a correct analysis of the international economic enviroment, on an exact judgement of the trend of development of the world economy and on an objective understanding of the conditions in China. Only when we understand fully — over a long period of time and wide area of space — the challenges and opportunities in the world economy, in technology and in politics can we successfully carry on the policy of openness and reform and not be defeated in the keen competition likely to prevail in the international economy and technology of the future. We look ahead to some of the probable trends in the next section.