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Foreign Trade News: Unswervingly continue to expand opening.

On August 6, the Overseas Edition of the People’s Daily published “Unswervingly Continue to Expand Opening Up”, with the following content:

The recent Politburo meeting of the CPC Central Committee pointed out that we must unswervingly advance reforms, continue to expand opening up, and continue to increase development momentum and vitality.
At present, the new crown pneumonia epidemic is spreading globally, the world economy is in deep recession, and the international environment is becoming increasingly complex. The world is undergoing major changes unseen in a century, but peace and development are still the theme of the times. From a long-term perspective, economic globalization is still a historical trend, and the division of labor and cooperation between countries and mutual benefit and win-win are the long-term trends. China will continue to stand on the right side of history and persist in deepening reforms, expanding opening up, and promoting the construction of an open world economy.
Continuing to expand opening up is the proper meaning of accelerating the formation of a new development pattern. “Let’s take the domestic cycle as the main body” is by no means a closed door to operate, but by leveraging the potential of domestic demand to better connect the domestic market with the international market, make better use of the two international and domestic markets and two resources to achieve more Strong and sustainable development. The formation of the new development pattern will surely promote the deep integration of the Chinese economy and the world economy and promote a higher level of opening up.
Continuing to expand opening up is an inevitable requirement for the implementation of a broader, broader, and deeper level of full opening up. China will adhere to a mutually beneficial and win-win opening strategy, promote the in-depth, solid and high-quality development of the “Belt and Road”, and develop high-level economic and trade industrial cooperation parks based on various development zones. China is stepping up the opening up of the western and border regions, advancing the construction of new land-sea corridors in the western region, promoting the interactive and coordinated opening of the east, China and the west, and accelerating the formation of an open pattern of land-sea internal and external linkages and east-west mutual assistance.
Continuing to expand opening up is the need to promote the transition from the opening of commodity and factor flow to the institutional opening of rules. China will better absorb and learn from the experience of international mature market economic systems and the beneficial results of human civilization, fully integrate the international high-standard market rule system, and accelerate the integration of domestic institutional rules with international standards. China is committed to creating a more market-oriented, rule-of-law and international business environment, relaxing market access for foreign capital, improving the legal system for intellectual property protection, and protecting the legitimate rights and interests of foreign capital.
To continue opening up, we must give full play to China’s ultra-large-scale market advantages and use market advantages to stabilize the basic market for foreign trade and foreign investment. China has a huge domestic demand market composed of 1.4 billion people and 400 million middle-income groups. It has the world’s most complete and largest industrial system, strong production capacity and a complete supporting system. Smoothing the domestic circulation and prospering the domestic economy will help accelerate the advancement of a new round of technological revolution and industrial transformation, drive the recovery of the world economy, and cultivate China’s new advantages in participating in international cooperation and competition under the new situation.
China cannot develop without the world, and the prosperity of the world also needs China. Since the beginning of this year, China has coordinated the promotion of epidemic prevention and control and economic and social development, and conveyed China’s unchanging determination to open up to the world with practical actions: promoting the construction of Hainan Free Trade Port, once again substantially reducing the negative list of foreign investment access, holding an online Canton Fair, and actively Preparation for the 3rd China International Import Expo…
Promises must be kept and action must be resolute! No matter how the external situation changes, China has always maintained its determination to continue to expand and open up. China has opened its doors to welcome visitors from all over the world, nurturing new opportunities amidst crises, opening new opportunities amidst changes, and injecting strong momentum into itself and the world’s economic development.

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