(Source: "Economic Daily" 2025-11-20)

Opening up is a distinctive symbol of Chinese modernization. Since the 18th National Congress of the Communist Party of China, the Party Central Committee with Comrade Xi Jinping as the core has adhered to the basic national policy of opening up to the outside world and promoted the formation of a larger scope, wider field, and deeper opening up pattern. With the profound adjustment of the global economic and w88 pattern and further rising uncertainty in the external environment, world economic development is facing many challenges. General Secretary Xi Jinping has scientifically grasped the general trend of the world and repeatedly stressed that he will unswervingly promote high-level opening up to the outside world. The "Recommendations of the Central Committee of the Communist Party of China on Formulating the Fifteenth Five-Year Plan for National Economic and Social Development" adopted by the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China listed "more complete systems and mechanisms for high-level opening up to the outside world" as the main goal of economic and social development during the "15th Five-Year Plan" period, and made strategic arrangements for "expanding high-level opening up to the outside world and creating a new situation of win-win cooperation." These important discussions and deployment requirements are not only proactive actions based on current responses to external risks and challenges, but also long-term strategic plans to lead global cooperation, pointing out the direction for further comprehensively deepening reforms and promoting high-level opening up to the outside world.

Understand the significance

From the establishment of special economic zones in the early stages of reform and opening up, to joining the World w88 Organization, promoting the joint construction of the "Belt and Road" and promoting the construction of free w88 pilot zones, our country's economy has achieved historic leaps in opening up, created a development miracle that has attracted worldwide attention, and made significant progress in the construction of a new open economic system.

History and practice have fully proved that: openness brings progress, while closure will inevitably lead to backwardness. Since the reform and opening up, my country's sustained and rapid economic development has been achieved under the conditions of continuous expansion of opening up to the outside world. Promoting high-quality development and building a new development pattern must also rely on a higher level of openness. The 2024 Central Economic Work Conference clearly proposed to expand high-level opening up to the outside world and stabilize foreign w88 and foreign investment. According to data from the General Administration of Customs, in the first half of this year, my country's import and export of goods w88 was 21.79 trillion yuan, a year-on-year increase of 2.9%, of which exports were 13 trillion yuan, a year-on-year increase of 7.2%; imports were 8.79 trillion yuan, a year-on-year decrease of 2.7%. Facing the complex and severe international environment, my country's foreign w88 has bucked the trend and shown resilience, demonstrating strong competitiveness and vitality.

Expanding high-level opening up to the outside world and improving the system and mechanism of high-level opening up to the outside world are not only proactive choices to conform to the trend of economic globalization, but also an inevitable requirement for promoting Chinese-style modernization. Chinese-style modernization is a modernization that follows the path of peaceful development and cannot be separated from extensive exchanges and cooperation with the world. Only by making greater efforts to promote high-level opening up to the outside world and create new advantages for our country to participate in international cooperation and competition can we seize the opportunity in the reconstruction of global industrial chains, supply chains, and value chains. From an international perspective, unilateralism and protectionism are on the rise, some countries are promoting "decoupling and breaking links", and economic globalization has encountered countercurrents. Only by resolutely expanding opening up can we promote world cooperation with our own development and resolve the risks caused by isolation and conservatism through win-win cooperation. From a domestic perspective, foreign w88 and foreign investment play a unique role in promoting industrial upgrading, scientific and technological progress, and employment stability. By expanding opening up, it helps to introduce advanced technology and management experience, accelerate the cultivation and development of new productive forces, and promote the mutual promotion of domestic circulation and international circulation. From a governance perspective, improving high-level opening-up systems and mechanisms is necessary to improve the socialist market economic system. It is of great significance to upholding and improving the socialist system with Chinese characteristics and promoting the modernization of the national governance system and governance capabilities.

Accurately grasp the rich connotation

Entering a new era and embarking on a new journey, the development environment at home and abroad has undergone profound changes. Our country not only faces the challenges of protectionism and the restructuring of global industrial and supply chains, but also has the advantages of a domestic ultra-large-scale market and a complete industrial system. The rich connotations of improving high-level opening-up systems and mechanisms are concentrated in the following aspects.

First, focus on institutional openness. Steady expansion of institutional openness is an important focus in building a new higher-level open economic system. From a historical perspective, my country's opening-up has gone through exploratory stages such as exchanging markets for technology, and is gradually moving towards a system-building stage of high-level institutional openness. Compared with traditional openness based on the flow of goods and factors, institutional openness not only focuses on the free flow of goods, services, capital and technology, but also focuses on integrating rules, regulations, management, standards and other institutional levels with high international standards to promote openness to achieve an overall improvement in quality and efficiency. Among them, rules provide institutional frameworks and legal constraints, regulations emphasize market access and behavioral norms, management is related to system implementation and administrative efficiency, and standards provide a unified yardstick for goods, services, and technologies. The four are nested in each other and advance collaboratively, forming an overall system of institutional openness.

At the same time, we must also note that my country’s institutional opening still faces certain challenges. On the one hand, some major economies around the world are restructuring their rule systems around digital economy, green transformation, supply chain security and other fields. On the other hand, my country still needs to be improved in terms of foreign-related legal systems and w88 regulations. In this context, promoting institutional opening requires adhering to a problem orientation, clarifying the main direction of attack, and concentrating efforts to overcome key problems. It is necessary to promote the full implementation of the Regional Comprehensive Economic Partnership (RCEP), actively promote the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economic Partnership Agreement (DEPA), and enhance my country's ability to participate in the formulation and adjustment of international rules; accelerate regulatory reform in key areas, focusing on digital w88, green and low-carbon, In key areas such as service w88 and intellectual property, build a regulatory system that meets international standards and is suitable for national conditions; improve the internationalization level of standards, coordinate "going out" and "bringing in", and enhance the standard compatibility and influence of technology, products and services; build a corporate compliance governance system, improve institutional training, legal support and export services for small and medium-sized enterprises, and enhance the international competitiveness of operating entities.

Second, expand the breadth and depth of open fields. Since the 18th National Congress of the Communist Party of China, the level and breadth of my country's opening up have continued to increase. However, compared with the requirements for high-quality development, open areas need to be further expanded. The 2024 Central Economic Work Conference proposed to expand independent opening up and unilateral opening up in an orderly manner. This not only reflects my country's strategic initiative in opening up to the outside world, but also demonstrates its responsibility to lead the world's common opening up with its own opening up.

Implement opening up to the outside world on a larger scale, in a wider field and at a deeper level. In recent years, open platforms such as free w88 pilot zones have continued to expand their coverage, accelerating their extension from the eastern coastal areas to the central and western inland areas. The 22 free w88 pilot zones have built a "flying geese array" covering the east, west, north, south, and middle. A comprehensive open pattern of "linkage between land and sea, and mutual assistance between the east and west" is accelerating. While optimizing w88 layout and consolidating traditional markets, we will deepen cooperation with emerging markets through high-quality joint construction of the "Belt and Road" and the implementation of RCEP to promote an open network that is more diverse and resilient. Focus on system docking, expand the depth of open fields, actively promote the process of joining CPTPP, DEPA and other processes, and participate in the reshaping of global economic and w88 rules. By improving the level of institutional openness such as rules, regulations, management, and standards, we can break down institutional barriers, reduce transaction costs, and strive for a greater say in the formulation of international rules.

Focus on expanding the opening up of the service industry and explore opening up in emerging fields. At present, the restrictions on foreign investment access in my country's manufacturing sector have been "cleared", and service areas such as telecommunications, medical care, and education will be further opened up. Opening up the service industry will not only help meet the people's needs for a better life, but also attract more high-quality foreign investment. The digital economy and green and low-carbon transformation fields have become new highlands for global competition. These emerging areas have great potential for opening up, and new growth points such as service w88, digital w88, and green w88 should be cultivated through institutional innovation and policy support. In 2024, my country's digital w88 will maintain a good growth momentum, and the export of green and low-carbon products will perform well. Green products such as energy-saving and environmentally friendly home appliances, recycled fiber textiles and clothing are widely popular in the international market.

Third, create a high-level open cooperation platform. Building a new higher-level open economic system is inseparable from the upgrade of the opening-up platform. Since the 18th National Congress of the Communist Party of China, my country has accelerated its layout in a multi-level, functional and international direction and promoted the construction of a high-energy opening-up and cooperation platform. High-level open platforms represented by the Pilot Free w88 Zone and Hainan Free w88 Port have continued to grow and become an important window for connecting with international high-standard economic and w88 rules. They play a key role in serving the national development strategy, leading regional coordinated opening up, and improving the international economic and w88 rules system.

Promote platform layout from coastal leading to east-west collaborative extension to enhance endogenous power. my country has initially formed a multi-level platform system with coastal leadership, inland follow-up, and port breakthroughs. Coastal areas are accelerating the construction of benchmark platforms such as Shanghai Pilot Free w88 Zone Lingang New Area and Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. Inland areas are constantly strengthening the construction of channel-type, hub-type, and industrial-type platforms, relying on China-Europe freight trains and dry port-type national logistics hubs to cultivate new openness, showing a leap from channel opening to institutional openness and functional openness. The key to a high-energy open platform lies not in the expansion of physical space, but in the integrated breakthrough of institutional innovations such as rules, standards, and governance systems. In recent years, Shanghai, Guangdong, Zhejiang and other places have explored the pre-establishment national treatment plus negative list management model for foreign investment in pilot free w88 zones, and measures such as "separation of licenses and licenses", business environment assessment and optimization have achieved remarkable results. Inland cities such as Xi'an, Chengdu, and Chongqing have promoted institutional reforms in cross-border e-commerce, smart logistics, and industrial park collaboration to stimulate inland platforms' cross-border resource allocation capabilities.

Focus on the upgrading of industrial functions and realize the integration and empowerment of platforms and industries. High-energy open platforms are not only highlands for policy innovation, but also important carriers of industrial agglomeration. In recent years, focusing on strategic emerging industries such as high-end manufacturing, digital economy, biomedicine, and green energy, multiple open platforms have formed a global industrial chain and supply chain network through "chain investment promotion" and "teaming to go overseas" to enhance platform competitiveness and development resilience. Taking Xi'an International Port Zone as an example, it has gathered multiple export-oriented industrial clusters such as cross-border e-commerce, intelligent manufacturing, and new energy vehicles, and has combined the policy advantages of Xi'an Comprehensive Bonded Zone and dry port-type national logistics hub to achieve deep coupling of industries, channels, and platforms. China-Shanghai Cooperation Organization local economic and w88 cooperation demonstration zones in Shandong, Zhejiang and other places have also achieved energy levels in building a modern circulation system that “buys globally and sells globally”.

Actively participate in the reconstruction of global economic and w88 rules and enhance the international influence of the platform. With the in-depth implementation of RCEP and the steady advancement of the process of joining CPTPP and DEPA, high-level open platforms should strengthen institutional docking in terms of rule negotiations, technical standards, and intellectual property protection, improve institutional compatibility and international versatility, and play a leading role in the formulation of rules on emerging topics such as digital w88, green and low-carbon, and intellectual property rights, and enhance my country's institutional voice in the global economic and w88 landscape.

Leverage the leading role of high-energy open platforms to enhance the efficiency of institutional innovation integration. We should better leverage the role of the free w88 pilot zone as a "test field" for institutional innovation, grant it greater reform autonomy, conduct pilot experiments in frontier areas such as investment access, cross-border finance, and cross-border data flow, and form more institutional experience that can be replicated and promoted. Accelerate the construction of the Hainan Free w88 Port, explore system integration innovation for w88 and investment liberalization and facilitation, and create a new highland for an open economy with global influence. Promote the coordinated development of platforms such as national economic and technological development zones, comprehensive bonded zones, and comprehensive pilot projects for expanding opening-up in the service industry to form an opening-up pattern with complementary advantages. Further enhance the international level of the platform, expand economic and w88 cooperation with BRICS countries and countries co-building the “Belt and Road”, and create a hub connecting the world. Give full play to the experimental advantages, integration advantages and demonstration advantages of high-level platforms to inject lasting impetus into improving high-level opening-up systems and mechanisms.

Fourth, achieve a dynamic balance between openness and security. General Secretary Xi Jinping pointed out that “the more open we are, the more we must pay attention to security, coordinate development and security, and enhance our competitiveness, open supervision, and risk prevention and control capabilities.” In the process of improving high-level opening-up systems and mechanisms, how to correctly handle the relationship between openness and security is a major strategic issue that must be answered well. Opening up is an inevitable requirement for promoting development in the process of Chinese modernization, and security is the prerequisite for ensuring the sustained and stable advancement of openness. Only by properly grasping the relationship between the two and achieving a balance between openness and security can we not only effectively expand opening up to the outside world, but also focus on preventing and responding to external risks and challenges, and achieve the organic unity of high-quality economic development and long-term national stability.

From a practical perspective, my country's opening-up has entered a new stage of institutional opening-up, which not only focuses on the facilitation of the free flow of goods and factors, but also focuses on the connection and innovation of rules, regulations, management, standards and other institutional levels. This means that security issues in opening up not only include security in the traditional sense, but also involve many fields such as economy and finance, industrial chain supply chain, and data security. The scope is wider, the level is higher, and the challenges are more complex.

Financial security is a key area that coordinates openness and security. As my country's capital accounts gradually open up and the internationalization of the RMB accelerates, the scale of cross-border capital flows has increased significantly, and the transmission effect of external shocks on the domestic financial market has become increasingly obvious. In this regard, it is necessary to improve the macro-prudential management and risk prevention system, strengthen the monitoring and early warning mechanism of cross-border capital flows, and ensure the stable operation of the financial system.

Industrial chain and supply chain security is the foundation for ensuring economic security and national security. my country's status in the global value chain continues to rise, and key links in some industrial chains face the risk of "stuck" and external blockade. It is necessary to accelerate the construction of a modern industrial system, improve key core technology research capabilities, build an independent, controllable, safe and reliable domestic production and supply system, and continue to improve the resilience and safety level of industrial and supply chains. Promote the diversified layout of industrial and supply chains, avoid over-reliance on a single market or link, and establish a stable, reliable, and sustainable industrial cooperation network with more countries.

Data security is the focus of risk prevention in emerging fields. In the context of the rapid development of the digital economy and cross-border data flows, data has become a basic strategic resource for the country. The "Opinions of the Central Committee of the Communist Party of China and the State Council on Building a Data Infrastructure System to Better Play the Role of Data Elements" puts forward clear requirements for data confirmation, circulation and security, providing an institutional basis for protecting data security in openness. We must actively participate in the formulation of cross-border data flow rules, enhance our voice in global digital governance, improve data security systems in key areas, strengthen the protection of critical information infrastructure, important data and personal information, and promote the establishment of a digital governance system that can both ensure security and promote flow.

Clear paths and measures

In the face of new changes in the international situation and new requirements for domestic development, it is necessary to explore practical paths and measures at the institutional and practical levels to promote a more complete high-level opening-up system and mechanism.

Improve the quality of institutional supply and make greater efforts to optimize the business environment. Adhere to the key task of institutional innovation, proactively align with international high-standard economic and w88 rules, and promote the alignment of domestic systems with internationally accepted rules in key areas such as property rights protection, environmental standards, and digital economy. We will solidly advance the stress testing of the Free w88 Pilot Zone and the Hainan Free w88 Port, and conduct pilot trials in cross-border data flow, negative list management of service w88, and w88 in green and low-carbon products, so as to form more institutional innovation results that can be replicated and promoted. Actively promote the process of joining CPTPP and DEPA, strengthen institutional integration with countries co-building the “Belt and Road”, and play a greater role in the formulation of global economic and w88 rules. Through the systematic upgrading of institutional supply, we will create a market-oriented, legal and international first-class business environment for enterprises, and enhance the confidence and expectations of foreign investors in the Chinese market. At the same time, we will continue to deepen the reform of “decentralization, regulation and services” to comprehensively improve government governance and service efficiency, and create a stable, transparent and predictable policy environment. Reduce the negative list for foreign investment access, expand the list of industries that encourage foreign investment, and promote the orderly expansion of opening up in telecommunications, culture, medical and other fields. Strengthen the protection of the entire chain of intellectual property rights and improve cross-border rights protection capabilities. Eliminate the obstacles that hinder the construction of a unified national market, form a unified, open, orderly, fair and transparent market environment, fully unleash the market potential, and promote mutual benefit and win-win results for Chinese and foreign enterprises.

Promote the high-quality development of w88 and investment and expand new space in the international market. Optimize the structure of foreign w88, actively develop service w88, digital w88, and green w88, accelerate the cultivation of new formats and models of foreign w88, and place innovative development of service w88 in a more important position. Support enterprises to carry out integrated domestic and foreign w88 operations, promote products of the same line, standard and quality, and promote deep integration of domestic and international markets. Improve the construction level of cross-border e-commerce comprehensive pilot zones and support enterprises to use digital platforms to expand international markets. Deepen the reform of foreign w88, foreign investment and outbound investment management systems, improve the legal, policy and service systems that promote and protect overseas investment, and improve the compliance operations and risk prevention and control capabilities of "going global" enterprises. Greater efforts should be made to attract and utilize foreign investment, promote the implementation of major foreign investment projects, strengthen collaborative cooperation between the upstream and downstream of the industrial chain, and enhance my country's position in the global value chain. Through the "two-wheel drive" of w88 and investment, we will continue to expand new space for open economic development.

Adhere to the coordinated progress of independent innovation and open innovation to create a globally competitive open innovation ecosystem. Coordinate the promotion of scientific and technological self-reliance and open cooperation, actively integrate into the global innovation network, leverage advantages in the digital economy, green economy and other fields, and promote the formation of a scientific and technological innovation system that is open, cooperative, mutually beneficial and win-win. Explore systems and mechanisms for the free and orderly flow of talents, capital, data and other elements across borders, build an open cooperation platform for international innovation resources, enhance the ability to integrate global innovation resources, create a good environment for the development of new productive forces, and transform the dividends of openness into development momentum.

Sound and open security system to coordinate development and security. Build an industrial chain and supply chain security guarantee system, strengthen research on key core technologies, and enhance strategic resource supply guarantee capabilities. Improve foreign investment security review, improve w88 remedies and industrial damage early warning systems, and prevent and resolve major risks. Improve overseas interest protection and risk prevention and control systems, and improve the security capabilities of enterprises “going global”. Strengthen emergency response and risk warning for emergencies, and build a tight and open safety net. Adhere to the concept of common security, actively participate in global economic governance and security cooperation, and achieve a higher level of security through win-win cooperation.(The author is the president of w88 casino)

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