China aims to achieve economic equality, improve living standards
China’s leadership role in promoting global trade today is a continuation of the internationalization drive it started 40 years ago with the reform and opening-up policy, according to a senior academic in London.
Erik Berglof, director of the London School of Economics’ Institute of Global Affairs, said the China-proposed Belt and Road Initiative and the Asian Infrastructure Investment Bank are examples of China championing global trade, development and connectivity.
Berglof, who formerly worked as chief economist and special adviser to the president of the European Bank for Reconstruction and Development, was speaking ahead of this year’s two sessions, which are expected to set the future strategic direction for China.
How China makes further reforms beyond 2018 is also expected to be an important topic.
Berglof said China is making a transition from its previous
director of the London School of Economics’ Institute of Global Affairs