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China to further expand opening up, boasts strong appeal

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By He Yin, People’s Daily

In recent years, China has firmly expanded opening up and deepened international economic and trade cooperation with mutually beneficial outcomes. The country has well promoted high-quality development with high-level opening up.

Advancing high-level opening up is integral to building a new development pattern and pursuing high-quality development. China has actively built a “dual circulation” development paradigm, in which domestic and overseas markets reinforce each other with the domestic market as the mainstay.

Promoting high-level opening up can help domestic circulation improve its efficiency and quality with international circulation, and promote the integration at the stages of production, distribution, circulation, and consumption. It will usher in a higher-level dynamic balance in the Chinese economy as a result.

China is the world’s second-largest economy, which features strong resilience, tremendous potential and great vitality. It enjoys significant advantages in promoting high-level opening up.

The country is home to more than 1.4 billion people, including over 400 million middle-income earners. The middle-income group will keep expanding and the consumption structure will keep optimizing, which lays a solid foundation for promoting high-level opening up.

China is also a country that boasts the world’s most complete industrial system. Therefore, it is able to gather global factors and resources and thus build industrial and supply chains that are more innovative, secure, reliable and higher value-added. It guarantees the security for promoting high-level opening up.

China’s rapid technological development, mature national innovation system and improved innovation capability also inject a strong impetus into promoting high-level opening up.

China’s firm steps to advance high-level opening up create huge opportunities for its own development and also drive the recovery of the global economy.

As economic globalization is facing headwinds with rising protectionism over the recent years, China continued expanding high-level opening up and kept optimizing its business environment.

It has practically promoted high-quality Belt and Road cooperation, promoted the implementation of the Regional Comprehensive Economic Partnership and built the world’s largest free trade area.

China has been the world’s largest trader in goods for consecutive years, with an average annual growth of 8.6 percent in the past five years. It remains a major destination for global investment and a leading country in outbound investment.

As the global economy continues to face grave challenges and the global recovery still remains unstable and unbalanced, China is steadily expanding institutional opening up based on rules, regulations, management and standards, making important contributions to sharing development opportunities and achievements of economic globalization with other countries.

Zamir Awan, a sinologist for the Chinese Studies Center of Excellence at the National University of Sciences and Technology in Pakistan, noted that China’s opening up policies bring win-win cooperation, which benefits the whole world.

China’s economic growth over the past years has been achieved with a commitment to opening up. In the same vein, the high-quality development of China’s economy in the future can only be guaranteed with greater openness.

The government work report of the country this year stressed to widen market access, promote further opening up of modern service industries, and grant foreign-funded enterprises national treatment. It also vowed to improve services for foreign-funded companies and facilitate the launch of landmark foreign-funded projects.

This demonstrated to the world China’s sincerity and determination to promote development and win-win results through opening up.

As China unswervingly advances opening-up to cover more fields in a broader scope and at a greater depth, it will surely make greater contributions to global recovery.

Brazilian economist Ronnie Lins noted China’s commitment to promoting high-level opening up and comprehensively deepening reform will keep the gigantic ship of the Chinese economy in a lane of high-quality development and create huge opportunities for the global economy.

Opening up is a basic state policy of China, and also the hallmark of contemporary China. On the new journey, China will conform to the trend of economic globalization, pursue a more proactive opening up strategy, and build a new development pattern with high-level opening up, so as to build an open world economy and let the gains of development benefit more people across the world in a more substantial and equitable way.

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Fuel Price May Hit ₦5,000 Per Litre Under Tinubu — Atiku Warns

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By Fabian Apechihin

Former Vice President Atiku Abubakar has warned that petrol prices could rise to ₦5,000 per litre under President Bola Tinubu’s administration if the government fails to address concerns surrounding oil revenues and public spending.

Atiku raised the alarm through his Senior Special Assistant on Public Communication, Phrank Shaibu, following the latest petrol price increase.

He questioned why Nigerians were paying as much as ₦1,470 per litre when crude oil was trading at approximately $102.52 per barrel.

“With crude oil around $102.52 per barrel, Nigerians are paying as much as N1,470 per litre. In 2008, when crude oil reached about $147 per barrel, petrol sold at N65 per litre under the Yar’Adua administration,” Atiku said.

The former vice president called for a reconciliation of oil revenues and deductions from 2023 to date, arguing that Nigerians should be able to establish how much revenue was generated, what deductions were made before distribution and where the funds eventually went.

“Nigerians deserve accounts they can interrogate, not accounting labels designed to discourage questions,” he said.

Atiku also questioned the use of funds saved following the removal of the petrol subsidy, recalling the government’s earlier assurances that the savings would create room for increased investment in education, healthcare and infrastructure.

“After all the pain imposed on Nigerians, they have a right to ask: where are the subsidy savings and where is the money?” he asked.

He further called for scrutiny of financial transactions involving the Renewed Hope Infrastructure Development Fund, OML 143, oil production revenues and the Nigerian National Petroleum Company Limited’s international liquefied natural gas trading operations.

“These allegations are too serious to be answered with press statements and political insults. Every barrel can be measured, every cargo identified and every legitimate payment traced,” Atiku said.

The former vice president’s remarks come amid continuing public debate over petrol pricing, oil revenue management and the economic impact of subsidy removal on Nigerians.

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2027: Atiku Hosts Aisha Buhari in Abuja Amid Political Realignment

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Former Vice President Atiku Abubakar on Wednesday hosted the former First Lady, Aisha Buhari, in Abuja, in a meeting that has attracted attention amid growing political realignments ahead of the 2027 general elections.

Neither Atiku nor Aisha publicly disclosed details of their discussions or indicated whether the meeting centred on political matters.

The meeting comes against the backdrop of renewed interest in the Buhari family’s political influence, particularly in Katsina State.

In May, Yusuf Buhari, son of the late former President Muhammadu Buhari, won the All Progressives Congress (APC) primary for the Sandamu/Daura/Mai’adua Federal Constituency seat in Katsina State. He secured 6,386 votes, defeating Auwal Daura, who polled 322 votes.

The outcome generated considerable interest within political circles in the Daura axis, where the Buhari family has maintained a strong political presence.

Aisha Buhari has also remained active in promoting the legacy of her late husband, who died in London on July 13, 2025.

In July, she described education and human capital development as among Muhammadu Buhari’s most important legacies while speaking at the groundbreaking ceremony for a Computer Science Complex at Al-Qalam University, Katsina.

The project is being financed with proceeds from the book From Soldier to Statesman: The Legacy of Muhammadu Buhari, which chronicles the former president’s life and public service.

Aisha said the initiative was aimed at preserving Buhari’s legacy through investment in education, knowledge and innovation rather than through the construction of monuments.

Although the purpose and outcome of Wednesday’s meeting between Atiku and Aisha were not publicly disclosed, the encounter has drawn attention as political actors and groups continue to position themselves ahead of the 2027 elections.

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2027: VP Shettima Urges Politicians To Play Politics without Bitterness

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  • As Gov AbdulRazaq Is Turbaned As Sadauna Of Ilorin Emirate

Stephen Olufemi Oni, Ilorin

Vice President Kashim Shettima has stressed the need for politicians to embrace one another, play politics without bitterness and according to the rules in order to ensure an astronomical growth and development for the country.

Shettima made the appeal on Wednesday in Ilorin, the Kwara State capital, at the turbaning of Governor AbdulRahman AbdulRazaq as the Sardauna of Ilorin Emirate by the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari, while admonishing
Nigerians to serve with humility, do good to one another and have forgiving spirit, as they, according to him, would spend more time after office.

He added: “Power is given by God to the people He so wishes and not because we are better than others. I, therefore, call on all politicians to unite themselves as one family despite their political differences.

“Take a cue from President Bola Ahmed Tinubu that I serve as his assistant. He is a good and decent man who has the love and interest of Nigerians at heart.”

Shettima explained that when they assumed office in 2023, the economy of the country was at the brink of collapse, but President Tinubu refused to pass blame; with courage he accepted both the assets and liabilities and moved on.

He further disclosed that during the 2023 electioneering campaign, only six out of the 19 northern governors supported Tinubu’s presidential aspiration, based on the erroneous belief that Baba (Buhari) didn’t like him, adding: “But today the President has embraced everybody as his own and things are going on well”.

He added: “President Bola Ahmed Tinubu is a good man by all standard; he believes in the people that work with him.”

Shettima also thanked the Emir of Ilorin for the honour done to Governor AbdulRazaq, which , he noted, was based on his contributions to the development of the Ilorin Emirate and the State at large, adding that “the father of the Governor had planted a solid footprint in the Ilorin Emirate and by extension Nigeria as a whole”.

Shettima, who expressed optimism that this new chapter would create a stronger bond between the Emirate and the family of Governor AbdulRazaq, urged the people to continue to pray for the progress and development of the Emirate and the State as a whole.

He commended Governor AbdulRazaq for his efforts in the massive improvement on infrastructure to assist the people of the State, as well as for his
contributions to the actualisation of policies and programmes of government at the federal level towards providing succour to average Nigerians.

In his remarks, the Matawaliof Ilorin Emirate, Dr.Alimi AbdulRazaq, said the title of Sardauna bestowed on the Governor was well deserved, thanking the Emir of Ilorin for finding the Governor worthy of the noble recognition by the Emirate.

Dr,Alimi urged the Governor to see the tittle as a clarion call to provide more dividends of democracy to the nooks and crannies of the State.

The turbaning ceremony witnessed large turnout of dignitaries, including the Governor of Niger state, Umar Bago, Governor of Kaduna state, Senator Uba Sani, Governor of Imo State ,Hope Uzodinma, and Governors of Kebbi ,Katsina States.

Others are the Emir of Zazzau Emirate, Ambassador Ahmed Nuhu Bamali, the Deputy Governors of Sokoto, Anambra, Nasarawa, Delta, Ondo, and Oyo States.

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