(Source: "China Economic Weekly" 2024-12-30)
The Central Economic Work Conference was held in Beijing from December 11th to 12th. This meeting summarized the economic work in 2024, analyzed the current economic situation, deployed the economic work in 2025, and steered the high-quality development of China's economy.
2025 is the final year of the “14th Five-Year Plan”. What important policy signals did the Central Economic Work Conference release? How will economic work be done in 2025? Where will the driving force for China's economic growth lie in the future? Recently, reporters from "China Economic Weekly" interviewed ten well-known economists on current economic hot spots, includingZhao Zhongxiu, President of w88 casino, the following is his interpretation and thinking.
President of w88 casino: Zhao Zhongxiu
Stabilizing foreign w88 and foreign investment involves adjustments to domestic laws and regulations
The Central Economic Work Conference proposed “expanding high-level opening up to the outside world, stabilizing foreign w88 and foreign investment.” It should be said that in the face of complex domestic and international situations, my country has made hard-won achievements in stabilizing foreign w88 and foreign investment in 2024. In the new stage of development, the focus of China's opening up is gradually shifting from manufacturing to the service industry. Since the opening of the service industry involves more adjustments to domestic laws and policies, the focus of opening up will inevitably shift from "border" measures to "inside the border" measures.
The first is to implement the free w88 pilot zone improvement strategy. First, encourage original and integrated exploration, launch a number of iconic and leading reform measures, and promote the solution of pain points and difficult problems in key areas such as the opening of the service industry, technological innovation, and cross-border data flow. The second is to improve the reform and innovation incentive mechanism and error tolerance and correction mechanism, further increase the efforts of the free w88 pilot zone to boldly experiment, boldly enter, and make independent reforms, and create a new highland for reform and opening up. The third is to strengthen the linkage between the free w88 pilot zone and the "two zones" of the free w88 zone, solidly promote the construction of the Hainan Free w88 Port and the free w88 pilot zone, play the role of "pioneer and trial", and form a "bridgehead" to connect with international economic and w88 rules.
The second step is to deepen the reform of foreign w88, foreign investment and foreign investment management systems. In terms of the reform of the foreign w88 management system, the coordination of w88 policies and fiscal, taxation, financial, industrial and other policies will be strengthened to improve the quality and effectiveness of policy implementation. Accelerate the integrated development of domestic and foreign w88, promote more effective integration of domestic and foreign w88 laws and regulations, regulatory systems, business qualifications, quality standards, etc., and reduce barriers to conversion of domestic and foreign w88.
In terms of reforming the foreign investment management system, optimize market access and negative list management models, attract and gather global high-end production factors and high-quality scientific and technological innovation resources, and assist industrial transformation and upgrading. Give full play to the exemplary and leading role of the free w88 pilot zone and Hainan Free w88 Port in institutional opening up, rationally reduce the negative list for foreign investment access, and promote the orderly expansion of opening up in fields such as telecommunications, Internet, education, culture, and medical care.
In terms of the reform of the foreign investment management system, we must improve the system and mechanism to promote and protect foreign investment, protect China's overseas interests in "going global", promote international cooperation in industrial and supply chains, and jointly build a global industrial and supply chain system that is safe, stable, smooth and efficient, open and inclusive, mutually beneficial and win-win.
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