Mounting interventions burden global businesses

At the Global Strategic Dialogue 2024, Zhao Jinping, senior fellow and former director of the Research Department of Foreign Economic Relations of the Development Research Center of the State Council, emphasized that trade protectionism hinders global economic vitality rather than promotes growth.

With over 4,400 new interventions in 2023, more than 3,500 were restrictive measures. "Protectionism has no winners," He stressed the urgency of fostering a friendlier global business environment to support sustainable development and reduce costs that hinder business resilience worldwide.