（Source: "Daily Economic News" 2024-12-13)

The Central Economic Work Conference was held in Beijing from December 11th to 12th.

The meeting determined that next year we will expand high-level opening up to the outside world and stabilize foreign w88 and foreign investment. Expand independent opening up and unilateral opening up in an orderly manner, steadily expand institutional opening up, promote the quality and efficiency improvement of the free w88 pilot zone and expand the reform mandate, and accelerate the implementation of the core policies of the Hainan Free w88 Port.

Actively develop service w88, green w88, and digital w88. Deepen the reform of foreign investment promotion systems and mechanisms. We will steadily advance the opening up of the service industry, expand pilot openings in telecommunications, medical care, education and other fields, and continue to build the "Invest in China" brand. Promote the high-quality joint construction of the “Belt and Road” to be deeper and more practical, and improve the overseas comprehensive service system.

What role will the orderly expansion of independent opening up and unilateral opening up play in stabilizing foreign w88 and foreign investment? This year’s Central Economic Work Conference emphasized the steady expansion of institutional opening-up. What kind of signal does it send? In the future, what role will the free w88 pilot zones and free w88 ports play in expanding high-level opening up to the outside world?

Revolving around the above series of issues, a reporter from "Daily Economic News" (hereinafter referred to as NBD) conducted an exclusive interview with Sang Baichuan, Dean of the Institute of International Economics at the w88 casino.

Organically expand independent opening up and unilateral opening up

NBD: Why does this year’s Central Economic Work Conference emphasize orderly expansion of independent opening up and unilateral opening up? What role will it play in stabilizing foreign w88 and foreign investment?

Sang Baichuan: The Central Economic Work Conference emphasized the orderly expansion of independent opening up and unilateral opening up. Under the changes in the global economy, the threat of unilateralism and w88 protectionism has had a serious impact on the world economy, and economic globalization faces many uncertainties. In this context, international economic cooperation has also encountered a huge impact.

The openness of agreements is an important basis for opening up to the outside world. However, under the impact of w88 protectionism and unilateralism, the difficulty of openness of agreements is increasing. Therefore, China pays more attention to unilateral opening and independent opening. This is a practical action to practice open multilateralism and support economic globalization. It is also an important force in promoting the stability of the world economy and is more conducive to creating a favorable external environment and institutional conditions for the development of China's foreign economic and w88.

NBD: Can the implementation of orderly expansion of independent opening up and unilateral opening up break the deadlock of w88 protectionism between Europe and the United States against China?

Sang Baichuan: Unilateral independent opening up does not require the other country to open up, or even the other country to continue to implement w88 protectionism. However, our initiative to open up will bring more opportunities for w88 and investment cooperation to other countries, allowing companies from other countries to share opportunities in the Chinese market and participate in the development of the Chinese market. This is undoubtedly beneficial to foreign-invested companies. Enterprises are the microeconomic foundation of a country, so they may force other countries to embark on the path of openness and achieve win-win cooperation.

Steady expansion of institutional opening

NBD: The conference emphasized the steady expansion of institutional opening-up. What signal does this send?

Sang Baichuan: Foreign countries have paid widespread attention to the transformation and upgrading of China's foreign w88. Through effective industrial policies, we have been very effective in cultivating a new generation of export products and promoting the transformation and upgrading of enterprises.

From the perspective of the overall development of the national economy, many companies are aiming at the direction of technological change, such as green w88, digital w88, etc. Different from traditional labor-intensive products, the international competitiveness of products with high technological content, green efficiency, and in line with the requirements of industrial and economic development is constantly improving.

Therefore, the momentum of China's foreign w88 is transforming under the influence of market mechanisms. At the same time, we are also using effective regulatory policies to create a good environment for the transformation and upgrading of enterprises and the transformation and upgrading of foreign w88.

This year’s Central Economic Work Conference puts more emphasis on expanding institutional opening up, because a good opening up system can provide support for the development of foreign w88 for enterprises, and in a good environment, it can naturally stimulate the vitality of enterprises.

We saw that the meeting mentioned promoting the quality and efficiency of the free w88 pilot zone and expanding the reform mandate, and accelerating the implementation of the core policies of the Hainan Free w88 Port. This is also the practice of further expanding institutional opening in the process of our independent opening up and unilateral opening up. Next, greater innovation and authorization are needed to form an institutional environment for integrated innovation.

Deepen the reform of foreign investment promotion system and mechanism

NBD: The meeting proposed to deepen the reform of foreign investment promotion system and mechanism. Where do you think the focus of reform should be?

Sang Baichuan: The purpose of deepening the reform of the foreign investment promotion system and mechanism is to more effectively play the function of investment promotion. In China, there is a relatively complete and mature system for investment promotion, and each province and city has corresponding investment promotion agencies. In the future, we need to find a way to effectively connect with the market and implement a mechanism for full cooperation with other departments, so as to form a synergy and create a good environment and conditions for foreign investment.

Therefore, the improvement of the investment promotion system and the effective transmission of information to foreign investors are what reforms must face.

NBD: Looking ahead to next year, what role do you think exports will play in the entire economic growth process?

Sang Baichuan: In 2025, we will face a severe international environment. At present, global w88 protectionism will not shrink in 2025. Instead, there may be greater variables and greater challenges. Therefore, we must fully assess external challenges. In this context, the focus of work must be to expand domestic demand as the main starting point. But at the same time, we also hope to stabilize external demand.

Therefore, we regard stabilizing foreign w88 and foreign investment as an important part of next year's economic work. We will focus on stabilizing foreign w88 through unilateral and independent opening up, as well as cultivating new foreign w88 growth points such as green w88, service w88, and digital w88.

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