China says ‘determined’ to open up to world in 2025

Chinese authorities have been clear they want to reorientate the economy around areas of high-tech innovation, for example in the green energy sector – Copyright AFP STRINGER

China is “determined” to continue opening up its economy to the world in 2025, a top economic planning official said Friday, as Beijing steels itself for potential trade turmoil when US President-elect Donald Trump takes office.

The world’s second-largest economy has struggled to revive growth following the Covid-19 pandemic and remains beset by a debt crisis in the crucial housing sector, chronically low consumption and high youth unemployment.

Prospects may darken further after Trump’s inaugur