China’s opening-up measures lift global economy
People’s Daily
Chinese President Xi Jinping
delivered a keynote speech at the opening ceremony of the second China
International Import Expo (CIIE) on Nov. 5, chartering the course for the
country to continue to push forward opening-up at a higher level.
“Like the world’s great
rivers, the Yangtze, the Nile, the Amazon and the Danube — they all surge
forward in relentless flow, and nothing can stop their mighty movement.” “China
will continue to encourage bold trials and experiments in pilot free trade
zones.”
Xi’s remarks were lauded by government
officials, experts and scholars, and industry insiders, who told People’s Daily
that China’s resolve to expand opening-up has created unprecedented
opportunities for global economic development.
“President Xi’s keynote
speech reflects a deep understanding of the Chinese path and the global pattern,
as well as the confidence in China’s development,” said Yuan De, executive
deputy director of the Center for China and Globalizing Asia Studies with
Mahidol University in Thailand.
Openness and cooperation
set direction for global economic development. By holding the CIIE
for the second year in a row, China has built a
platform where domestic and foreign enterprises can carry out mutually
beneficial and win-win cooperation, Yuan said, adding that China’s opening-up
measures are a rare highlight for global economy, at a time when trade
protectionism is on the rise.
To expand opening-up is not just a verbal promise of China; to that
end, the country has taken concrete actions, said Park Seung Chan, director
of the China Business Research Institute in South Korea.
President Xi
stressed that China will bring about opening-up at an even higher level, which means
that the country will open more channels to strengthen economic and trade exchanges
with other countries. The move bears great significance against the backdrop of
a sluggish global economy, Park said.
“China has provided more opportunities of development for all participating countries of the CIIE, as well as more room for countries to conduct win-win cooperation,” said Park, adding that the CIIE is a concrete practice of expanding opening-up.
“China has provided more opportunities of development for all participating countries of the CIIE, as well as more room for countries to conduct win-win cooperation,” said Park, adding that the CIIE is a concrete practice of expanding opening-up.
As the world has seen, China’s
business environment keeps improving. In March, the country adopted the Foreign
Investment Law. In June, the country rolled out new negative lists for foreign
investment market access and a revised catalogue of industries that encourages
foreign investment. In October, the State Council released a regulation to
optimize business environment.
The country endeavors to
build a market-oriented and international business environment based on the
rule of law, and its market is releasing constant energy.
China has honored
its commitments in building an enabling business environment, said Tang Zhimin,
director of China ASEAN studies at Thailand's Panyapiwat Institute of
Management.
“At the first
CIIE, the country pledged to stimulate import potential, continue to widen
market access, and foster a world-class business environment. One year on, these
initiatives and steps have been by and large put in place,” Tang said.
In October, the World Bank
released its Doing Business Report 2020, which ranks China 31st
among 190 economies, up by 15 places from last year’s ranking.
Striving to realize
high-quality development, China has expanded inputs in scientific
and technological research and development and upgraded
industrial structure, said Claudio Puty, a member of Brazil's Chamber of Deputies,
pointing out that the constantly improving business environment is attracting
more foreign investors, especially those in the high-tech sector, to enter the Chinese
market.
“We need to 'join hands' with each other
instead of 'letting go' of each other's hands.We need to ‘tear down walls’, not to ‘erect walls’.” The words by President
Xi vividly stated China’s firm support of an open global
economy.
President Xi
once again told the world that China supports and safeguards the multilateral
trading system, and elaborated on the importance of an open global economy and
free trade, said Pascal Smet, Secretary of State of the Brussels-Capital Region.
The European Union (EU) is the largest trade partner of China and China is Belgium's second largest non-EU trade partner. Such fruitful economic and trade cooperation outcomes are yielded in an open Chinese market, he said.
The CIIE serves
as a platform for opening-up and cooperation that is able to eliminate suspicion,
and it promotes mutual understanding, mutual learning and common development
among countries, he pointed out.
China holds international
events almost on a daily basis, said Robert Lawrence Kuhn, chairman of the Kuhn
Foundation.
This reflects that the country
is actively taking part in global affairs, and manifests the endeavors it has
taken to deepen multilateral cooperation and advance globalization, he said.
As the country pursues a
higher level of opening-up to deliver more opportunities for countries to have
access to the Chinese market, expand investment and boost growth, it is bound
to propel the building of a more open world economy.
Opening ceremony of the second CIIE and the second Hongqiao International Economic Forum (Photo by Weng Qiyu)
China’s opening-up measures lift global economy
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