Tang Yao, associate professor at Guanghua School of Management, Peking University, said that the current rules-based international economic and trade order has been severely disrupted.

Trade in intermediate goods, trade in final goods, production technologies, international finance, logistics corridors, and other fields have all become key arenas for international competition and rivalry, and the global economy has entered an era of geo-economics.

In Tang's view, China has reached the major judgment that the global landscape is undergoing profound and complex changes: the defining themes of our time — peace and development — face grave challenges, yet economic globalization remains an irresistible historical trend, and international economic and trade cooperation and exchanges continue to be a vital driving force for world development.

He further analyzed that, on the basis of this judgment, China should actively promote the building of a community with a shared future with its neighboring countries, advance high-quality Belt and Road cooperation, and negotiate and sign regional and bilateral trade and investment agreements.

In an era of geo-economics, by leveraging these important open platforms through multi-channel opening-up, China will provide all countries with diversified solutions in key economic sectors — including products, services, production, transportation, and energy — to promote the economic development and economic security of all nations.