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China embraces world economy with unswerving opening-up

2024-10-07 13:12   Xinhua

  This fully demonstrates China's active willingness to expand mutual benefits and a clear attitude to supporting economic globalization, said Jin Xiandong, an official with the National Development and Reform Commission, adding that further efforts will be made to improve the level of foreign investment liberalization and facilitation, and to optimize service for foreign-invested enterprises.

  At its third plenum, the 20th Central Committee of the Communist Party of China renewed the country's commitment to the basic state policy of opening to the outside world and continuing to promote reform through opening up.

  “Leveraging the strengths of China's enormous market, we will enhance our capacity for opening up while expanding international cooperation and develop new institutions for a higher-standard open economy,“ reads a resolution adopted at the plenum.

  Opening up to the outside world is not just a matter of “opening the door“, but more importantly, is actively aligning with international economic and trade regulations as well as other high-standard rules, said Zhang Bin, deputy director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences.

  Zhang underlined the need to enhance synergy between the domestic and international markets as well as resources to constantly cultivate and consolidate new advantages in international economic cooperation and competition.

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