Expert: China's reforms contribute to global growth

CNC
Added On March 13, 2019

 A research fellow at the College of Europe in Bruges, Belgium, has given his opinions on China's reforms and opening up.

Duncan Freeman says the decisions taken during the Two Sessions in Beijing will have an impact not only domestically but also at an international level.
 
The ongoing Two Sessions refer to the 2nd session of the 13th National People's Congress, and the 2nd session of the 13th National Committee of the Chinese People's Political Consultative Conference. 
 
SOUNDBITE(English): DUNCAN FREEMAN, College of Europe in Bruges
"China's opening up and reforms have been extremely important for the global economy for the past 40 years. And it is even more so today when China has a very big economy. So the decisions taken during the Two Sessions will be very important. They'll have an impact not just in China itself but also outside of China."
 
According to Freeman, it is important that China continues the opening up of the manufacturing, high-tech and automobile sectors.
 
SOUNDBITE(English): DUNCAN FREEMAN, College of Europe in Bruges
"In terms of its industrial sectors, I think that it's very important to continue the opening of manufacturing which has already been happening, but also looking at some of the high-tech sectors to reinforce some of the movements which we've seen in sectors like the automobile industry which is there have already been decisions would be made about that. So these are very much key sectors in the manufacturing area, but also very much in the services sectors."
 
Freeman also said the growth of consumption in China has been very important not just domestically but also for the global economy, so anything that Beijing does to create demand is a contribution to maintaining global growth.