Shaping new advantages for a higher-level open economy
2024-10-10
Opening up is a distinctive symbol of Chinese path to modernization. China has been taking action to expand its openness. At the end of August, the General Office of the State Council issued the "Opinions on Promoting High quality Development of Service Trade through High level Opening up", proposing 20 key tasks in 5 aspects, and requiring actively creating an environment for expanding opening up, encouraging innovation, fair competition, and standardized and orderly development of service trade. In September, the "Special Management Measures for Foreign Investment Access (Negative List) (2024 Edition)" was released, reducing the number of restrictions on foreign investment access from 31 to 29, and achieving "zero" restrictions on foreign investment access in the manufacturing industry. These opening-up measures will continuously improve the high-level opening-up system and mechanism, shape new advantages for a higher-level open economy, and unleash the driving force of promoting reform and development through opening-up in various fields. General Secretary Xi Jinping emphasized that 'the more China develops, the more open it becomes'. In recent years, the construction of a strong trading nation has taken firm steps, and China's position as a major two-way investment country has been increasingly consolidated. Multi bilateral and regional economic and trade cooperation has achieved a series of fruitful results. The first batch of frozen salmon from an agricultural company in Xinjiang will be directly supplied to Macau through air and land transportation. Customs will control the total time from inspection to certificate issuance within 30 minutes, making the "frozen quality fresher". By taking innovative measures to break through the bottlenecks of domestic and international dual circulation, we are continuously stimulating the endogenous driving force of high-level opening up. The Chinese version of the World Investment Report 2024, recently released by the United Nations Conference on Trade and Development, shows that China's structure for attracting foreign investment continues to optimize and its quality continues to improve, with an increasing proportion of foreign investment flowing into high-tech and high-end manufacturing industries. Trade promotes win-win outcomes, investment links the world, and China's open door is getting wider and wider, not only developing itself but also benefiting the world. High level opening-up to the outside world is an institutional opening-up that aligns with international high standards. China's determination to promote institutional openness can be seen from its efforts to improve the living convenience system for overseas personnel, including entry, residence, medical care, and payment. At the 2024 China International Fair for Trade in Services, the "Digital RMB Avenue" will be fully upgraded to the "Hi Fun" digital currency trend market, combining digital RMB with iterative updates in consumer scenarios, allowing audiences to fully experience the charm of convenient payments in social spaces. Expanding horizons, 37 ports in China have implemented a 144 hour transit visa free policy, allowing tourists from 54 countries to travel for up to 6 days in designated areas with valid international travel documents and connecting tickets with confirmed dates and seats. Promoting the domestic and international integration of rules, regulations, management, standards, etc. can achieve higher-level, deeper, and broader openness, shaping new momentum and advantages for high-quality development. Deepening the reform of foreign investment and foreign investment management system, building the "Invest in China" brand, and increasing efforts to attract and utilize foreign investment are one of the main tasks in building a new system of higher-level open economy. A Swedish company visiting the 24th China International Investment and Trade Fair Zone expressed optimism about China's business environment and increased its investment in China last year. In fact, many foreign companies have long regarded investing in China as a "must-have" option, and an open China has always been a hot spot for foreign investment. Since the beginning of this year, a series of reform measures have been introduced successively, from further relaxing foreign investment access, to providing equal support for domestic and foreign enterprises to participate in large-scale equipment updates, government procurement, etc., to continuously improving the level of investment facilitation. The "magnetic attraction" to foreign investment continues to strengthen. Further comprehensive deepening of reform, unwavering promotion of investment liberalization and facilitation, timely coordination and resolution of difficulties encountered by foreign-funded enterprises, can achieve mutual benefit and win-win results in the "two-way rush". The Decision of the Third Plenary Session of the 20th Central Committee of the Communist Party of China proposed to "adhere to the basic national policy of opening up to the outside world, promote reform through opening up" and "build a new system of higher-level open economy". Looking ahead to the future, we will accelerate the cultivation of new driving forces in foreign trade, strengthen the consolidation of the basic foundation of foreign trade and investment, adhere to the combination of high-quality introduction and high-level going out, and implement various measures to expand high-level opening up to the outside world. Confidence from all parties is gathering, and a bright future can be expected. (New Society)
Edit:Wang Hui,Zhang Pan Responsible editor:Luo Suying
Source:People.cn
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