(Source: China Economic Times 2025-08-01)
On July 30, the Political Bureau of the CPC Central Committee held a meeting and emphasized the need to expand high-level opening up and stabilize the fundamentals of foreign w88 and foreign investment. Help foreign w88 companies that have been greatly affected, strengthen financing support, and promote the integrated development of domestic and foreign w88. Optimize export tax rebate policies and build high-level open platforms such as pilot free w88 zones.
Wang Wentao, Minister of Commerce, said at a series of press conferences on the theme of "High-Quality Completion of the '14th Five-Year Plan'" held on July 18 that during the "14th Five-Year Plan" period, my country's high-level opening up to the outside world accelerated, and win-win cooperation continued to expand. The negative list items for foreign investment access continue to be reduced, access restrictions in the manufacturing sector have been "cleared", and pilot openings in value-added telecommunications, biotechnology and other service industries are being carried out in an orderly manner. The 22 free w88 pilot zones have effectively played the role of comprehensive test platforms for reform and opening up, proactively aligned with international high-standard economic and w88 rules, and carried out pilot trials. We will expand independent opening up and unilateral opening up in an orderly manner, and grant zero-tariff treatment to 100% of taxable products from least developed countries and African countries that have diplomatic relations with China. Implement RCEP with high quality and actively promote the process of joining CPTPP and DEPA. In 2024, the proportion of goods w88 between my country and its free w88 partners (including Hong Kong, Macao and Taiwan) will reach 43%.
Institutional openness "to the next level"
Walking with China means walking with opportunities. Investing in China means investing in the future.
From July 16th to 20th, the 3rd China International Supply Chain Promotion Expo with the theme of "Linking the World to Create a Future" was held at the Shunyi Pavilion of the China International Exhibition Center in Beijing. A total of 651 companies and institutions from 75 countries and regions participated in this Expo. The ever-expanding "circle of friends" and stronger "international scope" of the Expo not only demonstrate the common aspirations of business people from all over the world to maintain the stability of industrial and supply chains, but also reflect China's sincerity and determination to strengthen the resilience of global industrial chains, build consensus on cooperation, and promote high-level opening up to the outside world.
Bai Ming, a researcher at the Research Institute of the Ministry of Commerce, said in an interview with a reporter from China Economic Times that opening up is not just about border opening, but about achieving comprehensive opening. Chain Expo is all about comprehensive opening, not just accepting standards. Its core is to promote domestic institutional changes and promote domestic governance system reform by actively benchmarking against international rules, rather than just accepting external standards, thereby forming a positive interaction of "opening + reform" to build a deeper open pattern.
During the “14th Five-Year Plan” period, domestic and foreign markets will be more closely linked and promoted. On the one hand, more high-quality goods and services are entering China, cultivating international consumption center cities, and building import w88 promotion innovation demonstration zones, especially the continuous holding of CIIE and Consumer Expo. From 2021 to 2024, a total of 7.4 trillion yuan of imported consumer goods will be imported. China's large market has contributed hugely to global development. On the other hand, the scope of unilateral visa-free countries has been expanded, allowing guests from all over the world to travel and shop in China and feel the charm of "Shopping in China". The "Buy in China" campaign was organized, and the departure tax rebate policy was optimized in particular. Inbound tourists will spend a total of US$94.2 billion in 2024, an increase of 77.8%. The traffic of "China Travel" is converted into an increase in "China Purchase".
Wang Zhimin, researcher at the National Institute for Opening-up and Director of the Institute of Globalization and Chinese Modernization at the w88 casino, said in an interview with a reporter from the China Economic Times that on May 20, China and ASEAN jointly announced the comprehensive completion of the China-ASEAN Free w88 Area 3.0 negotiations. The mutual recognition mechanism of standards reached by the two parties is a new breakthrough in institutional openness. For example, reaching the highest level of standard technical regulations and conformity assessment procedures in their respective contracting practices is an important manifestation of integration and interoperability in the fields of standards and regulations, and injects strong impetus into regional industrial integration and upgrading. For the first time, they promised to refer to each other's standards when formulating their own standards, and encouraged the recognition of each other's conformity assessment results. For the first time, a separate chapter was set up on competition and consumer protection, and a special committee was established to strengthen competition legislation and law enforcement cooperation, and incorporate new rules and clauses such as online consumer protection and travel consumer protection to better protect the rights and interests of enterprises and consumers.
Chinese customs data shows that from January to May this year, with the policy dividends of RCEP and the China-ASEAN Free w88 Area, the total w88 volume between China and ASEAN reached 3.02 trillion yuan, a year-on-year increase of 9.1%, which is 6.6 percentage points higher than the overall growth rate of China's foreign w88 in the same period, accounting for 16.8% of China's total foreign w88 value. The two sides continue to maintain their status as each other's largest trading partners.
Foreign w88 is more resilient
It should be noted that during the entire "14th Five-Year Plan" period, my country's foreign w88 was greatly impacted and under great pressure, and the achievements were hard-won. The United States not only launched a w88 war, but also implemented containment and suppression on China in the fields of technology, finance and other fields. More than 1,300 Chinese companies have been included in the list of entities subject to sanctions by the United States. In addition, the Chinese economy is in the stage of transformation and upgrading, but under internal and external pressure, the Chinese economy has shown strong resilience.
Data shows that during the "14th Five-Year Plan" period, the scale of my country's w88 in goods has continuously crossed two major levels: US$5 trillion and US$6 trillion. In 2024, it will be US$6.16 trillion, an increase of 32.4% from 2020 at the end of the "13th Five-Year Plan", ranking first in the world for eight consecutive years. In terms of w88 in services, the scale of w88 in services exceeded US$1 trillion for the first time, ranking second in the world. At the same time, my country's foreign w88 has become more diversified, showing the typical phenomenon of "the West does not shine and the East shines". my country's exports to the United States accounted for 14.7% of my country's exports from 17.4% in 2020 to 2024. my country's exports to the United States fell by 9.9% in the first half of the year, but overall exports increased by 7.2%.
"During the '14th Five-Year Plan' period, the export of the 'three new products' such as electric vehicles, lithium-ion batteries, and solar cells has maintained rapid growth. In 2023, the export volume will exceed 1.06 trillion yuan, and will further increase in 2024, replacing traditional labor-intensive products and becoming a new engine for foreign w88." Wang Zhimin said.
During the "14th Five-Year Plan" period, the potential of new foreign w88 formats has also continued to be released. In 2024, cross-border e-commerce imports and exports will reach 2.7 trillion yuan, an increase of 67% over 2020.
Hong Yong, a think tank expert at the 50-person China Digital and Real Integration Forum and an associate researcher at the E-Commerce Research Institute of the Ministry of Commerce Research Institute, said in an interview with a reporter from the China Economic Times that during the "14th Five-Year Plan" period, cross-border e-commerce promoted institutional openness by promoting the formulation of cross-border data flow rules, optimizing the digital w88 business environment, and setting up offshore data centers. For example, exploring the "negative list" management model for cross-border data, establishing a mutual recognition mechanism for data flows with countries co-building the "Belt and Road", and piloting free w88 zones to align with international high-standard digital w88 rules have all contributed to China's institutional solutions to global digital economic governance.
"During the '14th Five-Year Plan' period, China's cross-border e-commerce achieved growth against the trend by relying on supply chain resilience, policy support and technological innovation. For example, customs clearance facilitation reform shortened logistics time, global layout of overseas warehouse network spreads risks, and companies enhance competitiveness through product innovation and brand upgrades. These measures have jointly built foreign w88 resilience and enabled China to maintain its central position in the supply chain amid global w88 fluctuations." Hong Yong further said.
The “15th Five-Year Plan” period will be more open
Opening up is a distinctive symbol of Chinese-style modernization. Unswervingly expanding high-level opening up to the outside world is a basic requirement for planning economic and social development during the "15th Five-Year Plan" period.
Wang Zhimin believes that my country’s achievements in opening up during the “14th Five-Year Plan” period have important implications for development during the “15th Five-Year Plan” period.
First, focus on increasing institutional openness and enhance the right to speak in terms of rules, regulations, management, and standards. During the "15th Five-Year Plan" period, we will establish an open world economy through high-level opening up, proactively lead global economic cooperation and foreign w88, and improve China's capabilities in global resource allocation.
Second, actively build a new development pattern and create a new situation in which "bringing in" and "going out" mutually promote each other in a high-level balance. During the "15th Five-Year Plan" period, it is necessary not only to introduce foreign investment and advanced technology, but also to support local enterprises to "go global" and establish overseas R&D and production bases.
Third, we must promote reform, development and innovation through opening up, and greatly stimulate endogenous motivation. During the "15th Five-Year Plan" period, it is necessary to force market-oriented reform of factors and optimize the business environment through opening up, so that "system dividends" and "market vitality" can form a synergy.
Fourth, focus on industrial upgrading, consolidate original advantages and develop new ones. During the "15th Five-Year Plan" period, it is necessary to continue to support research and development in high-end manufacturing, artificial intelligence, green technology and other fields, promote electric vehicles, photovoltaics and other industries from "scale leadership" to "technology leadership", while cultivating new growth poles such as biomedicine and industrial robots to avoid relying on a single category.
Fifth, improve the competitiveness of service w88 and digital w88 and promote China's progress from a large trading country to a powerful trading country. At the same time, during the "15th Five-Year Plan" period, it is necessary to promote the "going out" of digital content and cloud computing services in the field of digital w88, and at the same time improve supporting systems such as cross-border data flow and digital security.
"During the 15th Five-Year Plan period, the market must play a leading role in building a more open world economic structure. At the same time, it is necessary to continue to adhere to the principle of open cooperation, actively respond to challenges, and safeguard its legitimate rights and interests through games, so as to maintain a stable development trend in a complex and changing international environment. In the future, as China's influence expands, China will be more open, so as to make China's voice, propose China's plan, and make China's contribution in the process of building an open world economy." Bai Ming said.
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