Deeper reform drives modernization
5 months, 2 weeks ago

Deeper reform drives modernization

China Daily  

Zhao Zhongxiu is president of the University of International Business and Economics. The Third Plenary Session of the 20th Central Committee of the Communist Party of China will be held in Beijing from July 15 to 18 at a time when the country has reached a critical juncture in its journey toward becoming a high-level socialist market economy. In this context, the Third Plenary Session of the 20th CPC Central Committee is expected to emphasize the importance of allowing the market to play the decisive role in resource allocation, removing the visible and invisible barriers to market access for enterprises, and transforming China's economic advantages into a powerful impetus for development. However, China's economic development faces more uncertainties due to the intensification of the "great power game", the rise of unilateralism and protectionism, the frequent occurrence of natural disasters triggered by climate change, and a new round of scientific, technological and industrial revolutions in the making. Promoting high-level opening-up will help China better adapt to the new global competitive environment, maintain open and inclusive global and value chains, and counter the West's efforts to contain China through "de-globalization", "decoupling" or "de-risking" measures, so as to strike the right balance between security and development.

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History of this topic

Expanding high-level opening-up benefits China and world
Trending News
4 days ago

Expanding high-level opening-up benefits China and world

China Daily  

The National Immigration Administration announced on Tuesday that as of that day it would relax and optimize the transit visa-free policy, extending the stay period of foreigners with transit visa-free status from the original 72 hours or 144 hours to 240 hours. As the world's second-largest economy, China is committed to promoting economic globalization and international cooperation through unilateral opening-up, …

Expanding high-level opening-up benefits China and world
Trending News
4 days ago

Expanding high-level opening-up benefits China and world

China Daily  

A traveler from Poland takes photos at the Yuyuan shopping center in Shanghai on Dec 4. As the world's second-largest economy, China is committed to promoting economic globalization and international cooperation through unilateral opening-up, which is also conducive to promoting its own high-quality development and the building of an open economy. Expanding unilateral opening-up is also China's consistent policy toward …

CIRD publishes dual books on China's reform journey
1 month, 1 week ago

CIRD publishes dual books on China's reform journey

China Daily  

Two new books recounting 33 years of reform insights and proposals by the China Institute for Reform and Development were released on Nov 8. "This book extensively reflects the ideals, goals, pursuits and responsibilities toward China's reform and opening-up endeavors. It serves as both a historical account of tireless recommendations for national reform and an exploration of the evolution of …

Opening-up brings opportunities for foreign enterprises and talents
1 month, 2 weeks ago

Opening-up brings opportunities for foreign enterprises and talents

China Daily  

This photo taken on Nov 4, 2024 shows the National Exhibition and Convention Center, the main venue for the 7th China International Import Expo which will be held from Nov 5 to 10, in East China's Shanghai. They said China's further efforts to deepen reform, expand opening-up, and promote high-quality development will bring more development opportunities to all enterprises, including …

Deepening Reforms: A Roadmap for China's Modernization
1 month, 3 weeks ago

Deepening Reforms: A Roadmap for China's Modernization

China Daily  

The central authorities have recently urged departments at all levels to put in place the systematic arrangements for further comprehensively deepening reform. The country has continuously gained impetus, activated vitality and rallied forces from all sectors of society through reforms, lifting its economic, scientific and technological, and overall national strength to a new level.

China's Reform and Opening-Up: A Journey to a Modernized Society
1 month, 3 weeks ago

China's Reform and Opening-Up: A Journey to a Modernized Society

China Daily  

The central authorities have recently urged departments at all levels to put in place the systematic arrangements for further comprehensively deepening reform. The country has continuously gained impetus, activated vitality and rallied forces from all sectors of society through reforms, lifting its economic, scientific and technological, and overall national strength to a new level.

China's modernization efforts create opportunities for world
2 months, 4 weeks ago

China's modernization efforts create opportunities for world

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. In 1953, my grandfather led the "Icebreaking Mission", which was crucial in signing the first trade agreement between the newly founded People's Republic of China and the West. China's Belt and Road Initiative is a clear example of how the country's development is reshaping international trade routes, creating opportunities …

Foreign firms enthusiastic about opening-up progress
3 months, 1 week ago

Foreign firms enthusiastic about opening-up progress

China Daily  

Q2 In your view, how will the reform and opening-up measures rolled out at the plenum help strengthen the Chinese economy and bolster its prospects of achieving modernization? In the chemical sector, the Chinese market stands as a crucial growth engine, accounting for half of the global chemical production and showing continued growth momentum. The new quality productive forces, with …

Opening-up continues apace
3 months, 4 weeks ago

Opening-up continues apace

China Daily  

SHI YU/CHINA DAILY Opening-up is China's basic national policy and a distinctive feature of Chinese-style modernization. From 2018 to 2023, China's service trade restrictiveness index for 18 sectors, including courier and financial services, has dropped, thanks to reduced foreign investment access restrictions and other discriminatory barriers, as well as increased regulatory transparency. FTZs will fully align with international high-standard trade …

Opening-up continues apace
3 months, 4 weeks ago

Opening-up continues apace

China Daily  

SHI YU/CHINA DAILY Opening-up is China's basic national policy and a distinctive feature of Chinese-style modernization. From 2018 to 2023, China's service trade restrictiveness index for 18 sectors, including courier and financial services, has dropped, thanks to reduced foreign investment access restrictions and other discriminatory barriers, as well as increased regulatory transparency. FTZs will fully align with international high-standard trade …

New institutions facilitate high-level opening-up
4 months, 1 week ago

New institutions facilitate high-level opening-up

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. With this year marking the 75th anniversary of the founding of the People's Republic of China and being a critical year for fulfilling the goals set out in the 14th Five-Year Plan, Chinese policymakers are making greater efforts to foster a new development pattern, advance high-quality …

New quality productive forces to rejuvenate market
4 months, 1 week ago

New quality productive forces to rejuvenate market

China Daily  

Q5 The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. How do you expect the new reform and opening-up measures to transform the Chinese economy in the coming five years? MADARANG: The plenum's reform measures are expected to significantly …

New institutions facilitate high-level opening-up
4 months, 1 week ago

New institutions facilitate high-level opening-up

China Daily  

Lujiazui, the financial center in Shanghai, forms a perfect backdrop to the Bund area. With this year marking the 75th anniversary of the founding of the People's Republic of China and being a critical year for fulfilling the goals set out in the 14th Five-Year Plan, Chinese policymakers are making greater efforts to foster a new development pattern, advance high-quality …

New quality productive forces to rejuvenate market
4 months, 1 week ago

New quality productive forces to rejuvenate market

China Daily  

Q5 The plenary session has stressed that reform tasks laid out at the meeting shall be completed by the time the People's Republic of China celebrates its 80th anniversary in 2029. How do you expect the new reform and opening-up measures to transform the Chinese economy in the coming five years? MADARANG: The plenum's reform measures are expected to significantly …

Institutional opening-up for global integration
4 months, 2 weeks ago

Institutional opening-up for global integration

China Daily  

JIN DING/CHINA DAILY China was the world's largest exporter and second-largest recipient of foreign direct investment in 2023, marking a milestone in its opening-up policy. To further integrate into the global economy and contribute more meaningfully to global development, the recent third plenary session of the 20th Central Committee of the Communist Party of China outlined five key areas for …

Institutional opening-up for global integration
4 months, 2 weeks ago

Institutional opening-up for global integration

China Daily  

JIN DING/CHINA DAILY China was the world's largest exporter and second-largest recipient of foreign direct investment in 2023, marking a milestone in its opening-up policy. To further integrate into the global economy and contribute more meaningfully to global development, the recent third plenary session of the 20th Central Committee of the Communist Party of China outlined five key areas for …

Plenum draws clear road map to modernization
4 months, 2 weeks ago

Plenum draws clear road map to modernization

China Daily  

MA XUEJING/CHINA DAILY The third plenary session of the 20th Communist Party of China Central Committee that concluded recently vowed to further deepen reform comprehensively to advance Chinese modernization. Prior to the third plenary session, China critics in the West had been speculating on Beijing's upcoming economic policy to overcome the gloomy global outlook and boost the country's slowing economic …

Third plenum highlights new reform blueprint and expanded global engagement
4 months, 4 weeks ago

Third plenum highlights new reform blueprint and expanded global engagement

China Daily  

The just-concluded third plenary session of the 20th Central Committee of the Communist Party of China serves as an essential window to observe China's efforts to promote high-quality development and further its high-level opening up, as well as showcasing Beijing's resolve to share its development dividends with the world, analysts said. "As the first delegation from the United States business …

Policies set to boost foreign investment
5 months ago

Policies set to boost foreign investment

China Daily  

China's continuous reform measures and high-level opening-up will inject fresh momentum into its economic growth, creating more opportunities for multinational corporations to invest and thrive in the country, said market observers and business executives on Sunday. They added that China's accelerated cultivation of new quality productive forces, along with its industrial transformation and upgrading, will further facilitate trade and investment …

China to continue pursuing high-standard opening-up
5 months ago

China to continue pursuing high-standard opening-up

China Daily  

China will staunchly adhere to international economic and trade rules and steadily expand institutional opening-up, in order to develop new institutions for a higher-standard open economy and translate its vast market into a significant opportunity for the world, a senior official said on Friday. Han Wenxiu, executive deputy director of the office of the Central Committee for Financial and Economic …

Further deepening reform is key to advancing modernization
5 months ago

Further deepening reform is key to advancing modernization

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. The third plenary session of the 14th CPC Central Committee in 1993 formulated the basic framework of the socialist market economic system and proposed the establishment of a modern enterprise system. We can expect the CPC Central Committee to announce interesting new pivots and more granular reforms that align …

Further deepening reform is key to advancing modernization
5 months ago

Further deepening reform is key to advancing modernization

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. The third plenary session of the 14th CPC Central Committee in 1993 formulated the basic framework of the socialist market economic system and proposed the establishment of a modern enterprise system. We can expect the CPC Central Committee to announce interesting new pivots and more granular reforms that align …

Reform provides strong impetus for Chinese-style modernization
5 months, 1 week ago

Reform provides strong impetus for Chinese-style modernization

China Daily  

The third plenary session of the 20th Central Committee of the Communist Party of China will be held in Beijing later this month, which will focus on further deepening comprehensive reform and advancing Chinese-style modernization. The 18th CPC Central Committee has made several reform deployments, such as deeply reforming the economic system by stressing the market's decisive role in resource …

Reform must continue across the board for country to realize its modernization: China Daily editorial
5 months, 1 week ago

Reform must continue across the board for country to realize its modernization: China Daily editorial

China Daily  

To the question of what can be expected of the third plenary session of the 20th Communist Party of China Central Committee, there is no doubt that plans for further comprehensively deepening reform will be the answer. Reform has proved to be always necessary for China to make progress in its economic and social development since it was first initiated …

Reform and opening-up key to modernization along Chinese path
5 months, 2 weeks ago

Reform and opening-up key to modernization along Chinese path

China Daily  

The skyline of Beijing. Since the third plenary session of the 11th Communist Party of China Central Committee held in 1978 kicked off reform and opening-up, the Party and the Chinese people have overcome various difficulties and obstacles, and continuously pushed China's comprehensive national strength to a new level. In November 2013, the third plenary session of the 18th CPC …

Deeper reform drives modernization
5 months, 2 weeks ago

Deeper reform drives modernization

China Daily  

Zhao Zhongxiu is president of the University of International Business and Economics. The Third Plenary Session of the 20th Central Committee of the Communist Party of China will be held in Beijing from July 15 to 18 at a time when the country has reached a critical juncture in its journey toward becoming a high-level socialist market economy. In this …

Reform provides strong impetus for Chinese-style modernization
5 months, 3 weeks ago

Reform provides strong impetus for Chinese-style modernization

China Daily  

The Great Hall of People in Beijing. The third plenary session of the 20th Central Committee of the Communist Party of China will be held in Beijing later this month, which will focus on further deepening comprehensive reform and advancing Chinese-style modernization. The 18th CPC Central Committee has made several reform deployments, such as deeply reforming the economic system by …

Reform an inexhaustible driver of modernization
5 months, 3 weeks ago

Reform an inexhaustible driver of modernization

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. According to the main agenda of the session, the Political Bureau will report its work to the CPC Central Committee, and the session will primarily study issues concerning further comprehensively deepening reform and advancing Chinese modernization. Deepening reform is essential to uphold and improve the socialist system with Chinese …

Nation's reform efforts hailed by execs, experts
6 months, 2 weeks ago

Nation's reform efforts hailed by execs, experts

China Daily  

Skyscrapers border a lush green landscape in Shenzhen's central business district. China's recent move to deepen economic structural reform is an attempt to cultivate new quality productive forces and foster high-quality development in the long run, offering increasing growth opportunities for stakeholders both at home and abroad, said experts and entrepreneurs. "Deepening reform, particularly institutional reform, will help remove obstacles …

China's reform efforts hailed by execs, experts
6 months, 3 weeks ago

China's reform efforts hailed by execs, experts

China Daily  

A staff member checks optoelectronics products at a tech firm in Kunshan, Jiangsu province, on May 15, 2024. "Deepening reforms, particularly institutional reforms, will help remove obstacles and difficulties hindering the development of new quality productive forces and promote optimal allocation and free flow of production factors including capital, technology and labor," said Liu Quanhong, director of the industrial and …

Deepening of reform to top plenary agenda
7 months, 3 weeks ago

Deepening of reform to top plenary agenda

China Daily  

A robot operates equipment on the assembly line of an automaker in Xi'an, Shaanxi province. YUAN JINGZHI/FOR CHINA DAILY The Communist Party of China Central Committee will hold its third plenary session in July in a significant move to comprehensively deepen reform and advance Chinese modernization, according to a decision made at a key Party meeting on Tuesday. The meeting …

Unified market will tap economic potential
8 months ago

Unified market will tap economic potential

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. A unified market can also ensure the free flow of goods and resources throughout the production, distribution, circulation and consumption cycles by eliminating closed and segmented small markets and isolated economic loops. The construction of a unified national market is also necessary to establish a new development …

A tale of China's economic resilience should be retold
8 months, 2 weeks ago

A tale of China's economic resilience should be retold

China Daily  

Participants discuss the outlook for the Chinese economy during the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, on Thursday. China remains a major global economic player as the world's second-largest economy. During the 1997 Asian financial crisis, the stability of the renminbi was critical to preventing risk escalation, while the 2008 global financial crisis saw China's …

A tale of China's economic resilience should be retold
8 months, 2 weeks ago

A tale of China's economic resilience should be retold

China Daily  

Participants discuss the outlook for the Chinese economy during the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, on Thursday. China remains a major global economic player as the world's second-largest economy. During the 1997 Asian financial crisis, the stability of the renminbi was critical to preventing risk escalation, while the 2008 global financial crisis saw China's …

Reform and opening-up indispensable in pursuit of high-quality development
8 months, 3 weeks ago

Reform and opening-up indispensable in pursuit of high-quality development

China Daily  

A view of Shanghai's Lujiazui area in July 2021. Facing the unfavorable factors restricting high-quality development, and the bottlenecks and obstacles hindering economic recovery, the nation must further deepen reform and form a new type of production relations that are compatible with the development of new quality productive forces. Although economic globalization is currently encountering setbacks, with "decoupling" and "de-risking" …

Endowed with confidence
9 months, 1 week ago

Endowed with confidence

China Daily  

WANG XIAOYING/CHINA DAILY China should enhance its appeal to foreign investment by establishing a law-based and internationalized business environment Utilizing foreign investment is a key aspect of China's opening-up drive. To build a first-class business environment, it is necessary for China to ensure fair competition and access to infrastructure and various production factors needed by foreign-invested enterprises, and fully unleash …

China eyes higher-level opening-up through cooperative platform
9 months, 3 weeks ago

China eyes higher-level opening-up through cooperative platform

China Daily  

With a higher level of openness, China is playing an increasingly important role in promoting international cooperation and mutual benefits amid global headwinds, said experts on Friday. Against the backdrop of escalating geopolitical conflicts, rising protectionism, and unilateralism in the fragmented world economy, advancing cooperation and realizing mutual benefit through further opening up remains a key topic of discussion, said …

China offers the world a path to success
1 year, 9 months ago

China offers the world a path to success

China Daily  

This aerial photo taken on Nov 23, 2022 shows a Fuxing bullet train running on the Yuanjiang bridge of the China-Laos Railway in southwest China's Yunnan Province. Chinese and Western styles of modernization China has created an alternative modernization model, and the model is very successful and working. One cannot ignore the fact that China, by its unique example, having …

China offers the world a path to success
1 year, 9 months ago

China offers the world a path to success

China Daily  

This aerial photo taken on Nov 23, 2022 shows a Fuxing bullet train running on the Yuanjiang bridge of the China-Laos Railway in southwest China's Yunnan Province. Chinese and Western styles of modernization China has created an alternative modernization model, and the model is very successful and working. One cannot ignore the fact that China, by its unique example, having …

Wider opening-up drives foreign trade and FDI growth
1 year, 9 months ago

Wider opening-up drives foreign trade and FDI growth

China Daily  

A total knee replacement system made by Johnson& Johnson, a multinational company based in the United States, is displayed at the fourth China International Import Expo in Shanghai in 2021. Underpinned by its optimized COVID-19 response and steady economic recovery, experts and businesspeople believe that China will provide increasingly huge development opportunities for companies at home and abroad, especially as …

China opening set to boost global growth
1 year, 10 months ago

China opening set to boost global growth

China Daily  

Chinese tourists interact with Maasai performers at Jomo Kenyatta International Airport in Nairobi, Kenya, Feb 11, 2023. The decision, made by China, has set a path for global economic growth as Chinese consumers are ready to spend billions of dollars they have saved during these three years of pandemic restrictions. China has offered its hand of friendship to the whole …

Nation set to advance high-level opening-up
2 years, 2 months ago

Nation set to advance high-level opening-up

China Daily  

China will release the sixth list of major foreign investment projects and further expand the 2022 industry catalog of sectors encouraging foreign investment as part of its latest efforts to advance high-level opening-up, a senior government official said on Monday. The moves are part of China's broader efforts to further unleash the potential of foreign investment while upholding true multilateralism …

Useful lessons of Chinese governance model
2 years, 3 months ago

Useful lessons of Chinese governance model

China Daily  

A clerk counts cash at a bank outlet in Hai'an county, Jiangsu province. But to understand the country's journey toward modernization, one must first understand Chinese history, culture, values and policies, and examine the successful model of Chinese governance. In the first stage of China's journey toward modernization, the leadership's goal was to end the old political system and establish …

Useful lessons of Chinese governance model
2 years, 3 months ago

Useful lessons of Chinese governance model

China Daily  

A clerk counts cash at a bank outlet in Hai'an county, Jiangsu province. But to understand the country's journey toward modernization, one must first understand Chinese history, culture, values and policies, and examine the successful model of Chinese governance. In the first stage of China's journey toward modernization, the leadership's goal was to end the old political system and establish …

Country resolved to expand high-level opening-up
2 years, 9 months ago

Country resolved to expand high-level opening-up

China Daily  

Deputies to the National People's Congress attend the opening of the fifth session of the 13th NPC at the Great Hall of the People in Beijing on Saturday. The latest Government Work Report confirms China's unwavering determination to deepen reform and further expand high-level opening-up despite the complexity of the domestic and external situations. In the Government Work Report delivered …

China to deepen financial opening-up, strengthen financial services for real economy
3 years, 5 months ago

China to deepen financial opening-up, strengthen financial services for real economy

China Daily  

Photo taken on Jan 14, 2021 shows a night view of Lujiazui in Pudong of East China's Shanghai municipality. Chinese Premier Li Keqiang on Wednesday heard a report on advancing financial opening-up at a State Council executive meeting, where he also chaired discussions on work related to greater financial openness and stronger financial services in boosting the real economy. The …

New opportunities for world in higher-level opening-up
3 years, 9 months ago

New opportunities for world in higher-level opening-up

China Daily  

MA XUEJING/CHINA DAILY Editor's Note: Starting March 1, China Daily will invite scholars and experts to take part in a weekly "China and the World Roundtable" to discuss important issues concerning China's development and its impact on the world. In the first of the series, experts share their views on the challenges and opportunities arising from China's new economic development …

Opening-up efforts to be intensified
4 years, 3 months ago

Opening-up efforts to be intensified

China Daily  

Photo taken on Sept 19, 2019 shows a view of US retail giant Costco Wholesale's first brick-and-mortar store in East China's Shanghai. Ministry: Foreign investment will be further increased in many industries China is making concerted efforts to revise the catalog of industries to encourage foreign investment and further promote opening-up, and accelerate the construction of a new open economy …

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