Economies Beijing: Welfare Programs and Building Walls

economies beijing: In spite of protectionist pressure from the US, China's central authorities have opted to open the door wider to other economies, according to Global Times China. Beijing is aware that only unfettered trade will lead to greater wealth and peace. The results were realized through the government's efforts in embracing opening-up and reform policies, implementing public welfare programs, partnering with as many countries as possible, and avoiding a zero-sum game with the US. Building walls to block the free flow of personnel, commodities and technologies across borders created backwardness around the world. Beijing has tried to de-escalate the 15-month-long trade war with Washington. Now, the world is pinning with the hope that the two largest economies will resolve their trade spat and reach an agreement as soon as possible. China's government has moved to omit punitive tariffs on selected US-made products, in addition to increasing imports on US soybeans, pork, and other agricultural produce. (news.financializer.com). As reported in the news.