Necessary for Chinese enterprises to participate in global competition

COMMEMORATING THE 40TH ANNIVERSARY of the reform and opening-up of China this year provided Chinese enterprises with an opportunity to reflect on their development and the way ahead. Beijing Youth Daily comments:

As Chinese companies climb up the value chain, their participation in overseas markets is inevitable, and it is conducive to expanding China's trade relations and maintaining the multilateral trade system.

They should take advantage of the Belt and Road Initiative to deepen their cooperation with third parties, including companies, governments and multilateral organizations, so as to facilitate their operations in foreign markets.