China Glows While Global Openness Fades 🌐✨
Hey there, global citizens! 🌎 Ever feel like the world is closing in with all the talk of protectionism and tariffs? Well, there's a silver lining shining from the East! 🌅
The World Openness Index, tracking 129 economies from 2008 to 2023, just dropped some interesting news at the 7th Hongqiao International Economic Forum in Shanghai. While global openness is hitting the snooze button 😴, China is sipping coffee and getting to work! ☕💼
This year, the global openness score dipped to 0.7542, continuing a downward trend since 2008. Blame it on rising unilateralism, protectionism, and those not-so-fun pandemic vibes we've all been dealing with. 😷
But guess who's bucking the trend? China's openness index jumped from 0.6789 in 2008 to 0.7596 in 2023, marking an impressive 11.89% rise! 🚀 Talk about leveling up!
\"China's opening up is a model for mutually beneficial engagement,\" says Qu Weixi, director at the Research Center for the Hongqiao Forum. Events like the China International Import Expo are like global friendship bracelets, tying nations together. 🤝🌏
Despite global challenges, there's still hope on the horizon. The report highlights areas like digital innovation 💻, environmental and climate cooperation 🌿, and the booming service sector 🛍️ as bright spots for international collaboration.
\"We hope this report sparks more chats about global openness,\" Qu adds. \"Together, we can build an open global economy!\"
So, chin up, folks! Even as some doors close, others are swinging wide open. Let's keep exploring those opportunities! 🚪✨
Reference(s):
China stands out as global openness declines, new index shows
cgtn.com
