China needs bold, open-door policies for economic resurgence (NIGEL GREEN, FEBRUARY 6, 2024, Asia Times)
The cumulative effect of three years of economic downturn, erasing a staggering US$7 trillion of value, demands a departure from the smaller measures.
It’s time for Beijing to adopt bolder, “open-door,” internationally minded, and transparent steps to reignite growth and restore confidence in the world’s second-largest economy.
At the core of Beijing’s revival strategy must be a commitment to openness and international collaboration.
China’s economic might has flourished through global engagement, and a renewed emphasis on an open-door policy will not only attract foreign investment but also facilitate the exchange of ideas and technologies.
There is no viable alternative to the End of History.