China is committed to further opening its economy and allowing foreign and domestic firms to compete on equal footing. Chinese Premier Li Keqiang recently spoke on the topic, saying, “If there is one thing that is going to be different from the past, it will be that China will open even wider. [ . . . ] China's economy has been so integrated with the world economy that closing the door to it would mean blocking our path to development.”

Premier Li added that China wants its consumers – a market of 1.3 billion people – to have a wider variety of high quality products.

There are also many policy shifts happening in the financial sector. Vice-Finance Minister Zhu Guangyao reported last month that China will allow foreign entities to own more than 51% of stake in China’s securities, futures, and fund management companies.

During the last five years, China’s gross domestic product (GDP) has risen from 54 trillion to 82.7 trillion yuan, and the country’s share of the global economy rose from 11.4% to 15%. China is also Southeast Asia’s largest trading partner, with two-way trade between China and ASEAN member countries surpassing $514 billion.

You can read more about this topic on the China Global Television Network and Khmer Times.