The world needs more “Chinese opportunities”

China’s reform will bring more benefits to its people, and will provide more opportunities to the world too. Wang Yi said that China will provide more “Chinese opportunities”, including market opportunity, investment opportunity, growth opportunity and cooperation opportunity, to the world.

Regarding market opportunity, Wang Yi explained that China has the largest market potential in the world; it is gradually turning the potential market into real market. China has 1.3 billion people. If its marketization becomes true, it will have deep influence on global structure. He estimated that China is expected to import more than 10 trillion US dollars worth goods in the next five years.

World’s investment banks said the world economy will form a new cycle that is based on “China’s demand”

China will quickly grow its foreign investment. Wang Yi said the new round of reform will encourage enterprises and individuals to invest abroad. About growth opportunity, he expressed that China’s economy will keep mid-to-high growth rate for a fairly long time, and it is certainly great news to the world economy. Regarding cooperation opportunity, against the backdrop of tortuous global governance reform, the new round of reform in China will serve to safeguard the open world economy and the free trade regime. It will facilitate the healthy development of economic globalization and economic policy coordination among different countries.

U.S. economist Stephen Roach said last year said China's growth trend is encouraging and the successful transformation of its economic structure will create significant opportunities for the world, and he has estimated that there could be growth of 5 to 6 trillion US dollars in China's tradable services sector from now until 2025.