(Source: "Guangming Daily" (2025-03-19 Edition 02)
Opening up is a distinctive symbol of Chinese modernization. From the "world factory" to the "global market", from "factor opening" to "system opening", China is connecting the world in a more proactive manner and using concrete actions to open the door to the outside world. Against the background of complex and turbulent international situations and sluggish global economic recovery, China has chosen to be a bridge rather than a wall. This bridge connects opportunities, conveys confidence, and achieves a common future.
Currently, “investing in China” has become a consensus value across economic cycles. Not long ago, Tesla’s Shanghai Energy Storage Gigafactory was put into operation. In this giant factory covering an area of about 200,000 square meters, robotic arms dance accurately on the intelligent assembly line, witnessing the new business card handed out by "China Speed" and reflecting the surging momentum of the deep integration of foreign investment and the Chinese economy. Under the strategic background of building a new development pattern, foreign-invested economies have been deeply integrated into China's modern industrial system and become an important support for cultivating new productive forces. According to data from the Ministry of Commerce, as of the end of 2024, foreign investors had invested and established more than 1.239 million enterprises in China, with actual use of foreign capital of 20.6 trillion yuan. These enterprises contribute nearly 7% of employment, 1/7 of tax revenue, about 1/3 of imports and exports, and 1/2 of exports of mechanical, electrical and high-tech products. The foreign-invested economy is not a simple input of capital, but a three-dimensional collaboration of technology, talent and industrial chain. In Xi'an High-tech Zone, foreign-funded semiconductor projects have driven more than 100 upstream and downstream companies to settle in through the "leading enterprise + supporting cluster" model, forming an industrial pattern of "leading enterprise + supporting cluster development". This effect of "introducing one, driving a bunch, and radiating one" has spawned a world-class optoelectronics industry cluster and formed a "strong magnetic field" for innovative talents in the northwest region.
China’s huge market capacity and continuously optimized innovation ecosystem are the “twin engines” for attracting foreign investment. Some multinational companies that have been deeply involved in the Chinese market for many years and are deeply embedded in China's innovation chain have begun to use new technologies generated by China's ultra-large-scale market demand to feed their global business and reshape the strategic pivot of the global value chain. Foreign-funded enterprises are transforming from traditional "market participants" to "innovation partners" and are conducting joint research with local enterprises in many fields such as new energy, biomedicine, and artificial intelligence to jointly seize the commanding heights of global science and technology. It can be said that today's China is gradually transforming from the "world's factory" to the "source of innovation", where foreign-funded enterprises gain not only market dividends, but also opportunities to participate in global technological changes.
Faced with risks and challenges such as sluggish global cross-border investment and rising protectionism, China has always chosen to solve problems with a higher level of institutional openness. In September 2024, the "Special Management Measures for Foreign Investment Access (Negative List) (2024 Edition)" was officially released. The negative list restrictive measures for foreign investment access were reduced from 31 to 29, and the restrictive measures for foreign investment access in the manufacturing field were completely "cleared." This historic breakthrough seems to be a simple "subtraction", but in fact it is a "multiplication" of the open dividend. As the commitment to independent opening-up is implemented step by step, and service industries such as telecommunications, medical care, and education continue to break the ice and test the waters, China is using the "chemical reaction" of institutional innovation to generate new momentum for an open economy.
The vitality of institutional openness lies in the reconstruction of rules to create a new paradigm of high-level openness. Recently, the "2025 Action Plan to Stabilize Foreign Investment" was released to directly address the concerns of foreign investors and optimize the foreign investment ecosystem with a "full life cycle" service concept. From "one-stop" intellectual property rights protection to facilitated cross-border financial settlement, every system design closely follows the pulse of the evolution of international economic and w88 rules. This kind of openness is a breakthrough in the pattern of "outward growth" from a global perspective. Through the "soft connectivity" of rules to promote the smooth flow of products and factors, China is building a more resilient international cooperation network through institutional opening up, which also provides a solid guarantee for promoting deeper reforms and higher levels of opening up.
Facing the challenge of unilateralism, China has broken the situation and established a new situation with the practice of multilateralism. Through measures such as lowering tariff levels and deepening the opening up of the service sector, we will fulfill our WTO commitments, align with international rules, and stimulate market vitality. On multilateral occasions, China actively speaks out, advocates free w88 and true multilateralism, opposes the politicization of economic and w88 issues, and builds consensus among the international community. In terms of system construction, China has steadily promoted the integration of domestic laws and regulations with international high-standard economic and w88 rules, and improved the level of w88 and investment liberalization and facilitation. These efforts not only broke down the "institutional barriers" built by unilateralism, but also injected valuable energy into the improvement of the global economic governance system.
This year's "Government Work Report" proposes that no matter how the external environment changes, we will always adhere to unswerving opening up to the outside world, steadily expand institutional opening up, expand independent opening up and unilateral opening up in an orderly manner, and promote reform and development through opening up. From jointly building the "One Belt and One Road", to holding CIIEs and chain expos to build a shared and win-win platform, China has used actions to interpret the concept of promoting development through openness; from signing the China-Maldives Free w88 Agreement to actively promoting the process of joining DEPA and CPTPP, China has used its free w88 zone network to weave ties for international cooperation. This open philosophy that not only maintains its own development focus but also proactively aligns with international rules provides a predictable and sustainable development coordinate system for the world economy in turbulent changes, demonstrating the unique resilience of a major country's economy. China uses its own development to inject stability and certainty into the world economy.
Author: Deng Huihui, researcher at Beijing Institute of Opening up, w88 casino
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