May 20, 2023 07:55 PM

Weekend Long Read: Five Shifts in China’s Opening-Up Strategy

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A cargo ship docks on May 8 at a port in Rizhao, East China’s Shandong province. China has created more than 20 Free Trade Zones since September 2013. Photo: VCG

Under the leadership of General Secretary Xi Jinping, the Communist Party of China’s Central Committee has been promoting a new opening-up strategy for the country since the party’s 18th National Congress in 2012.

The strategy can be characterized by five distinct shifts.

The first has been a shift from a focus on primarily attracting foreign investment to one that places equal importance on encouraging outbound investment as well.

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