China's Commitment to Globalization and Free Trade

Strategic Insights -

As Ambassador Fei Shengchao addressed the China-Europe Business Summit in Belgium on June 27, 2025, he emphasized that globalization is an essential aspect of history and that China remains committed to openness and inclusiveness. China's stance on free trade and multilateralism has been instrumental in promoting the stable development of the world economy. The summit, themed "China and Europe: Two Major Markets, Symbiotic Prosperity, Illuminating the World," brought together over 100 experts and representatives from Chinese and European governments, business circles, and think tanks.

Key Takeaways:

  • Ambassador Fei Shengchao's speech at the China-Europe Business Summit highlighted China's commitment to globalization and inclusiveness.
  • China prioritizes free trade and multilateralism to promote the stable development of the world economy.
  • The summit emphasized the potential for Sino-European economic and trade cooperation, citing the openness and innovation vitality of the Chinese market as opportunities for European companies.
  • Ambassador Fei noted that there is considerable space for increased economic and trade cooperation between China and Europe.
  • The China Chamber of Commerce to the EU organized the EU-China Business Summit, demonstrating the importance of bilateral economic relationships.
  • The free trade practices and multilateralism promoted by China contribute to the world economy's stability and growth.

Statistics:

  • Over 100 experts and representatives from Chinese and European governments, business circles, and think tanks participated in the summit.
  • The China-Europe Business Summit was organized by the China Chamber of Commerce to the EU.
  • China's market offers new and vibrant opportunities for European companies due to its openness and innovation vitality.
  • The theme of the summit was "China and Europe: Two Major Markets, Symbiotic Prosperity, Illuminating the World."

Sources:

  • Ministry of Foreign Affairs of the People's Republic of China