China must pursue wider and deeper opening – People's Daily
|China must persist in opening up to the outside world despite rising global uncertainties, the official People's Daily said in a commentary on Monday.
Key quotes
“China should steadily expand the institutional opening of its rules and standards, deepen overseas partnerships via Belt and Road initiative, consolidate its supply chains, industrial chains as well as data and talent chains.”
“The growth of foreign trade reached 24.5% from January to July, registering a 10-year high, which has effectively ensured the balance of international payments and helped stabilized the economy.”
“The growth of orders may slow down as the pandemic gradually eases.”
Market reaction
USD/CNY was last seen trading at 6.4664, down 0.07% on the day.
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