Chinese Government: Mineral Mining and Telecom Gears

chinese government: In theory, economic opening-up and integration typically leads to improved availability and wider selection of quality goods and services, reduction of commodity and service prices, and marked efficiency gains to create greater purchasing power and prosperity, according to Global Times China. Starting from scratch, many industrial lines - from initial mineral mining to making clothes, shoes and paving roads, to fine tools and auto manufacturing, and later the high-speed railways and high-end telecom gears and electronic devices, all have emerged throughout the country. Today, in the face of rising US trade and investment protectionism, the Chinese government should have the audacity to spearhead economic globalization by opening its doors even wider to foreign businesses. This massive eye-popping achievement would not have been possible without the foresight of China's leaders. Only through free market and full-fledged competition can monopolies be abolished, giving Chinese consumers the ability to gain a wider choice of products and services at lower prices. At the beginning of the year, when Beijing authorities began to open two crucial economic sectors, finance and telecommunications, to major foreign businesses, Chinese economists and market watchers gave the move a thumbs-up for the continued brave efforts in opening-up and reform. (news.financializer.com). As reported in the news.