China’s expanding opening up indicates responsibility of major country
By Zhong Sheng
China, responding to
external uncertainties by continuous efforts to expand opening-up amid the
US-provoked trade frictions, is contributing Chinese wisdom and schemes to
safeguarding free trade and building an open world economy.
The high frequency of
the country’s recent issuance of new opening-up measures attracted wide
attention from the international society. Foreign media reported that the
measures indicated China’s firm determination to open wider regardless of the
escalating China-US trade war, and the country is sending a signal to other
countries including its neighbors that China is open to foreign businesses.
Just take a look at the
strong opening-up measures the country adopted over the past month.
Shenzhen started
building itself into a pilot demonstration area of socialism with Chinese
characteristics, and the Lingang
expansion of the Shanghai free trade zone (FTZ) was officially unveiled.
Besides, six Chinese
provincial-level regions including Shandong, Jiangsu, Guangxi, Hebei, Yunnan
and Heilongjiang inaugurated their respective FTZs.
At the fifth meeting of
the
Central Committee for Financial and Economic Affairs, it was stressed
that more support is needed to strengthen opening-up and collaboration, in a
bid to establish strategic industrial chains with more resilience, innovation
and higher added value. The State Council also mulled combined measures to
boost consumption and accelerate circulation.
These measures, which
aim at expanding development space and releasing development potential,
demonstrate China's determination to further share opportunities with the
world.
China’s opening efforts
have received positive response from the world. According to China’s Ministry
of Commerce, the country saw more than 24,000 new foreign-invested enterprises
established in the first seven months of this year, and foreign direct
investment inflows in actual use exceeded 530 billion yuan ($74.86 billion), up
7.3 percent over the same period of last year.
The actual input value from Germany, South Korea, Japan
and Netherlands increased by 72.4%, 69.7%, 12.6% and 14.3% respectively year on
year. The actual investment amount from the EU increased by 18.3% year on year,
and that from the countries along the Belt and Road routes by 5%.
These figures indicate the trust and support of the global
countries in China’s opening-up, as well as their intention to work hand in
hand with China.
As it is
described by The Atlantic, the US government keeps pushing the rest of the
world away and into China’s
corner.
Reform and opening-up is
a game-changing move in making China what it is today.
China will unswervingly
expand
opening-up and continue to deepen win-win cooperation with the
world. Such spirit of a major country demonstrates China’s confidence and firm determination
to safeguard its right to develop.
China will never stop
its efforts to pursue higher-quality opening-up and to build an open world
economy.
(Zhong Sheng is a pen
name often used by People's Daily to express its views on foreign policy.)
China’s expanding opening up indicates responsibility of major country
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