China to achieve high-quality development by opening wider
By Zhong Sheng
With the overwhelming trend toward openness and connectivity, economic
globalization is an irreversible trend of history.
To open wider to the world is an inevitable choice of China to realize
high-quality economic development, and also a reflection of the country’s
responsibility to lead global openness and build an open world economy.
Recently, many foreign media outlets came to similar conclusions that
China is making further steps of opening up and it will open wider after
viewing the annual sessions of the country’s top political advisory body and
national legislature.
According to this year’s government work report of China, the country
will open more sectors and improve the layout of opening up, continue to
promote opening up based on flows of goods and factors of production, and give
greater emphasis to opening up based on rules and related institutions, driving
an all-round deepening of reforms through high-standard opening up.
China also approved the foreign investment law at the second session
of the 13th National People’s Congress, aiming to protect and facilitate
foreign investment in the country.
Such concrete practices display China’s determination to unswervingly
promote high-quality openness.
Any country or nation to achieve rejuvenation, they must follow the
logic of history and the trend of the times in their pursuit of progress and
development. It has been repeatedly proved by history that openness is the
source of vitality for any country or nation.
After World War II, 13
economies maintained high-speed growth for over 25 years, and what they had in
common was that they all adopted open policies.
From implementing the reform and opening up policy in 1978 and joining
the World Trade Organization in 2001, to establishing free trade zones and
exploring free trade ports in recent time, China has proved with its practices
that openness is a magic key to continuous development.
In recent years, rising unilateralism and trade protectionism of some
countries, as well as the emerging trend of anti-globalization, all generated instabilities
and uncertainties to the world economic development.
Isolation and seclusion mentalities, which have not yet been
eliminated, are also exerting serious impacts on the healthy economic
development of the world.
The Financial Times said in an article published last month that barriers might threaten
to seal off the most promising avenues of growth. Former British Prime
Minister Gordon Brown said that the discontent over globalization
has brought a new wave of protectionism and unilateralism, but addressing the
sources of that discontent can only be accomplished through cooperation.
At present, the world is in desperate need of certainties given the
complicated global situation and sluggish driving forces. Christine
Lagarde, Managing Director of the International Monetary Fund, believes
that China’s pledge of further reform and opening-up has injected a sense of
certainty and hope into global economy.
As the world’s second largest economy, China raised a series of new
measures of opening up, showcasing to the world its
determination to build an open world economy.
The country is optimizing import structure and
expanding exports, easing market access, shortening the negative
list for foreign investment access, and allowing wholly foreign-owned
enterprises to operate in more areas.
It is also accelerating the alignment with prevailing international
rules, improving policy transparency and execution consistency, and making
efforts to build a fairer environment and a level playing field in which
Chinese and foreign companies are treated equally.
Economies make progress through exchange and inter-connectivity and
fall behind because of seclusion and closeness.
The Age of Discovery in the 15th century broke the isolation of
different parts of the world; the Industrial Revolution in the mid-19th century
started economic globalization and preliminarily formed a worldwide market.
In the recent 100 years, economic globalization experienced rapid
expansion thanks to the development of information technology and transportation.
People gradually realized that economic globalization is a natural outcome of
scientific advances and objective requirement of social productivity
development, and also an irreversible trend of history.
Faced with imbalanced economic development, the world is in urgent
need of constructive power to guide healthy global economy.
By proposing the Belt and Road Initiative, holding the China
International Import Expo (CIIE), putting forward to establish the Asian
Infrastructure Investment Bank and the New Development Bank,
and funding the Silk Road Fund and the South-South Cooperation
Assistance Fund, China has contributed wisdom and injected huge
power to the solution to global development issues.
It is introduced at the “two sessions” that the second Belt and Road
Forum for International Cooperation will be a much bigger gathering with more
side events, and it will be participated by a larger number of foreign heads of
state and government.
In addition, the second CIIE will feature larger exhibition area and
be attended by more countries and enterprises, with improved quality and better
services.
Such information has added more expectation from the world toward
China to share its development opportunities.
(Source: People’s Daily)
(Zhong Sheng, a homonym in Chinese for “voice of China”, is a pen name
often used by People’s Daily to express its views on foreign policy)
China to achieve high-quality development by opening wider
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