Long claimed that the world’s second largest economy took a different approach, and “liberalized the markets for trade and foreign investments” and discussed ways to promote international cooperation.
Some, Long said, have wrongly attributed economic and social problems to globalization, which is why anti-free trade sentiment in advanced countries has been growing.
“Traditionally, such kind of (protectionist) voices are popular in countries with weak competitiveness,” he said. “But you know, because of the internet, the communication has changed a lot.”
China has to explore the potential of globalization, but also consider how to avoid the pitfalls that come with it, the policy researcher added.
But the controlled-economy state has faced criticisms that its liberalization and reforms have not been moving at a fast-enough pace.
Long explained that China is a big country, and the local governments are also needed to implement the measures, so there will likely be some problems in specific projects and in specific regions.
“If you compared China with other countries, I think we are very ambitious to further promote trade and investments liberalization.”