(Source: "China Economic Times" 2025-12-18)
Editor’s note:The 20th National Congress of the Communist Party of China and the Third and Fourth Plenary Sessions of the 20th Central Committee of the Communist Party of China all put forward clear requirements for deepening high-level institutional openness. Facing new trends in global supply chains, China urgently needs to build a large institutional open market for the world, deeply participate in the reshaping of the global governance system, and enhance its voice in international rules. China Economic Times invited well-known scholars to elaborate on key areas such as whether domestic digital w88 can reshape the international rules system and the requirements of high-standard economic and w88 rules for financial openness. Everyone has reached a strong consensus that only by accelerating the integration of high-standard international economic and w88 rules can China's institutional opening-up enter a new stage.
Aligning with high-standard international economic and w88 rules is a strategic decision made by the Party Central Committee with Comrade Xi Jinping at its core based on the world's major changes unseen in a century. It is a key measure for my country to enter a new stage of high-level institutional opening-up. The 20th National Congress of the Communist Party of China clearly proposed "steadily expanding institutional opening up such as rules, regulations, management, and standards." The Fourth Plenary Session of the 20th Central Committee of the Party further emphasized "steadily expanding institutional opening up and safeguarding the multilateral trading system." Actively aligning with international high-standard economic and w88 rules and achieving institutional compatibility are important measures to improve the new development pattern and build a new system of a higher-level open economy. At present, global economic and w88 competition has shifted from the traditional "tariff-market" to "system-rules". High-standard economic and w88 rules are accelerating to extend to deep institutional fields such as subsidy transparency, competitive neutrality, intellectual property rights, digital w88, and green standards. The allocation of global high-end factors increasingly depends on the quality of a country's institutions and compatibility with rules.
In such a critical window period for rule restructuring and system reshaping, grasping high-standard economic and w88 rules, the "native tip" of institutional openness, is not only related to whether my country can stabilize external expectations and improve the level of openness, but also whether it can grasp the institutional voice and strategic initiative in the new track of global competition. Only by actively connecting and shaping, cultivating development advantages with institutional advantages, and winning strategic initiative with rule reconstruction can we continue to expand the strategic depth of my country's development in the profound evolution of the world economic landscape and consolidate the foundation of the era of the rise of great powers.
Proactively aligning with high-standard international economic and w88 rules is not a simple copy of existing international rules, but on the basis of adhering to independent opening up, closely integrating my country's actual development needs with high-standard international rules, and enhancing my country's initiative to participate in international competition and cooperation. Therefore, smoothing the domestic circulation and promoting high-standard opening are dialectical unity that are mutually conditioned and two-way activation. The domestic circulation provides strategic support for high-standard opening, and high-standard opening injects external power into the domestic circulation. By taking high-standard economic and w88 rules as a guide and domestic and international dual-circulation coordination as a path to continuously promote the upgrading of institutional supply, my country's institutional opening has entered a new stage with more systematicness and initiative, and will build a new development pattern at a higher level.
The domestic cycle has built strategic support for high-standard opening up, and the resilience of the domestic cycle has provided endogenous power and capability foundation for high-standard opening up.First, the demand advantage of the ultra-large-scale market enables my country to participate in the docking of high-standard international economic and w88 rules with stronger market attractiveness. This is the realistic condition for my country to transform from a "rule acceptor" to a "rule builder". Second, the supply advantage of a complete industrial system enables my country to ensure the safety and controllability of the industrial chain and supply chain under a higher regulatory threshold, leading the reconstruction of the global industrial and supply chain. Third, the continuous improvement of my country's scientific and technological innovation capabilities and the accelerated cultivation of new productive forces have laid a technological and industrial foundation for institutional supply in new fields such as digital w88 and the opening of the service industry, enabling my country to have the ability to connect with international high-standard rules in these frontier fields.
High-standard opening up has injected external impetus into the domestic circulation. Actively connecting with high-standard international economic and w88 rules can stimulate the vitality and efficiency of the domestic circulation and enhance core competitiveness.First, high-standard openness can provide an external reference for domestic system supply, promote the alignment of rules in areas such as intellectual property protection and the flow of data elements, and provide a solid rule foundation for a unified domestic market. Second, high-standard opening-up can guide domestic industries to accelerate their upgrading to high-end, intelligent, and green through the alignment of rules and the improvement of standards, and promote the domestic cycle to make up for shortcomings and strengthen functions. Third, by continuously expanding the opening of the service industry and relaxing market access thresholds, high-quality global technology and management experience can be introduced to improve the efficiency and quality of the domestic cycle.
China’s opening up to the outside world is undergoing a profound transformation from fluid opening up to institutional opening up. This transformation is not a partial adjustment, but a strategic upgrade that uses systemic changes to align with international high-standard economic and w88 rules and cultivate new advantages in international competition and cooperation. Its advancement path can focus on three interrelated and progressive key links: rule alignment is the foundation, institutional openness is the core form, and the modernization of governance capabilities is the fundamental guarantee.
First, rule alignment is the basis and aims to achieve system integration.This requires going beyond the traditional openness of the flow of goods and factors, and actively benchmarking against international high-standard rule systems such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economic Partnership Agreement. Focus on in-depth research and adaptive adjustments in the fields of "post-border" rules such as intellectual property protection, competition policy, service industry opening, digital economy, and environmental protection. The purpose is not to simply imitate, but to minimize institutional barriers in domestic and foreign markets and reduce transaction costs through scientific rule transformation while adhering to the bottom line of security and development, making the Chinese market more transparent, predictable and internationally attractive at the rule level.
Second, institutional openness is the core, marking a fundamental change in the openness model.This means that internationally accepted rules and domestic reform results will be systematically solidified through domestic laws, regulations, and policy systems to form a stable and credible open institutional environment. This move will shift the momentum of opening-up from relying on short-term policy preferences to relying on long-term, legalized institutional guarantees. Through pilot trials and risk stress testing of high-level open platforms such as free w88 pilot zones and free w88 ports, mature reform experience will be transformed into universal institutional arrangements. This move aims to send a clear and stable signal to the global market, indicating that China's opening up is a long-term, legal commitment, thereby promoting China's economy to be more deeply integrated into the global industrial chain, innovation chain and value chain system.
Third, the modernization of governance capabilities is the fundamental guarantee and the key support for the implementation of rules and systems.No matter how advanced the rules and systems are, they will be useless if they lack efficient governance capabilities for execution and supervision. This requires government functions to accelerate the shift to interim and ex-post supervision and optimization of services, and to build a modern regulatory system that is compatible with a high level of openness. Especially in areas such as financial security, cross-border data, and risk prevention, precise, intelligent, and legalized regulatory capabilities need to be improved. At the same time, enhancing the professionalism, transparency, and coordination of policy formulation and implementation are fundamental to achieving "openness, control, and good services."
my country’s opening-up has shifted from focusing on “flow of factors” to a new level of in-depth interconnection of “systems and rules.” Institutional-based opening has entered a new stage. This is a stage of “dual-track progress” between openness and security. On the one hand, high-standard opening-up provides a key starting point for my country to shape its institutional advantages and enhance its international competitiveness. By deepening the connection in the fields of rules, regulations, management, and standards, it can effectively enhance the transparency, predictability, and attractiveness of the economic system, and promote my country's deeper integration into the global industrial chain, innovation chain, and value chain. On the other hand, the areas where institutional openness makes breakthroughs are mostly closely related to national strategic security, technological security, data security, and financial security. The deeper the degree of openness, the higher the requirements for a modern security system. Only by building a multi-dimensional security base that covers supply chain security, cross-border data governance, financial stability supervision, and independent control of key technologies can we ensure that institutional connectivity is promoted within controllable boundaries, making openness both "liberal" and "acceptable." Openness shapes the external pattern of security, and security supports the sustainable development of openness. Only by achieving a dynamic balance and positive interaction between openness and security can we ensure the steady and long-term progress of institutional openness and win long-term strategic initiative for our country in the profound reshaping of the global economic and w88 landscape.
(The author is the president and professor of w88 casino)
Original link:https://mp.weixin.qq.com/s/FNEoEUiUOQau-JNwZ4jAww
