Unlocking Opportunities: China’s High-Level Opening Up and New Tracks for Global Development

2023-11-07 02:22:44

  Go straight to the CIIE|Promote high-level opening up and tap the potential of new tracks – looking at the world from the CIIE to share new opportunities for China’s development

On November 6, a visitor (right) talked with staff at the Kazakhstan booth at the National Exhibition of the 6th China International Import Expo. The National Exhibition of the Sixth China International Import Expo has been fully resumed offline. Honduras, Serbia, Vietnam, South Africa, and Kazakhstan will appear at the National Exhibition as the guest countries of this Expo.Photo by Xinhua News Agency reporter Fang Zhe

The world’s economic recovery lacks momentum and requires all countries to work together and seek common development; China will always be an important opportunity for world development and will firmly promote high-level opening up; China’s new development will provide new opportunities for the world… The 6th China Summit is being held in Shanghai The International Import Expo (CIIE) reaffirms China’s firm determination to promote high-level opening up and build an open world economy.

China’s opening-up actions have won recognition from the world. At the Hongqiao International Economic Forum, which opened with the CIIE, guests attending the meeting pointed out that the world has faced multiple challenges in recent years, and openness is the only way to alleviate development difficulties, and there is huge potential for cooperation in areas such as digital economy and green and low-carbon. China is committed to promoting open cooperation and sharing these new development opportunities with the world. It is an important driving force for the global economy.

The “World Openness Report 2023” released by the Sixth Hongqiao International Economic Forum on the 5th showed that the world openness index in 2022 was 0.7542, a slight increase of 0.17% from 2020, a decrease of regarding 0.4% from 2021, and the second lowest since 2008. level, the foundation for recovery is still unstable. The opening up of the world economy is tightening, social and cultural opening up is hovering at a low level, and opening up policies and opening up performance are still sluggish.

The report points out that world openness has continued to be sluggish in recent years, and maintaining and expanding world openness still requires the joint efforts of all countries to meet each other halfway.

“In recent years, the number of relevant restrictive measures introduced in the field of international trade has increased in number, in more diverse forms, and the restrictions have become more hidden. Some countries have implemented stricter security reviews of foreign investment, which has greatly increased the instability and uncertainty of the world’s opening up.” Zhang Yuyan, director of the Institute of World Economics and Politics, Chinese Academy of Social Sciences, pointed out.

The world economy thrives when it is open and declines when it is closed. China is taking concrete actions to promote high-level opening up and build an open world economy. Since the beginning of this year, the Chinese government has introduced and implemented a number of policies and measures to continue to expand opening-up, including opinions on stabilizing the scale and optimizing the structure of foreign trade, policies to encourage foreign investment to set up R&D centers, and pilot projects to connect with international high-tech enterprises in qualified free trade pilot zones and free trade ports. Standardize several measures to promote institutional openness, actively promote joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, implement high-quality implementation of the Regional Comprehensive Economic Partnership Agreement, and accelerate rules, regulations, standards, etc. docking.

The effects of the above-mentioned high-level opening-up measures are gradually emerging. Data show that in the first half of the year, China’s export international market share increased steadily, reaching 14.2%, an increase of 0.4 percentage points from the same period last year; in the first three quarters, new foreign-funded enterprises invested in China increased by 32.4% year-on-year, and the investment in high-tech manufacturing increased 12.8%. There is still huge growth potential in the future, which will provide broad space for companies from all over the world.

China’s opening-up actions have also been recognized by guests from all walks of life. They pointed out that in the new era, China has implemented a more proactive opening-up strategy, the CIIE is getting better and better, and the joint construction of the “Belt and Road” has become a popular international public product and international The cooperation platform has paved a path for reform and opening up, and positive interaction between China and the world.

On the road to win-win, some new tracks are emerging at an accelerated pace. Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia, pointed out that currently, R&D applications in cutting-edge fields such as artificial intelligence, clean energy, space exploration, and bioengineering are emerging one following another, profoundly affecting economic production and social life, and containing huge opportunities for open cooperation.

In recent years, China’s cooperation with other countries around the world in these fields has become increasingly close, which can be seen from the changes in trade data. The “World Openness Report 2023” shows that from 2013 to 2022, China’s green import and export scale increased from US$814.43 billion to US$1,079.28 billion, an increase of approximately 32.5% in 10 years.

Data from the Ministry of Commerce of China show that China’s digitally deliverable service trade will reach 2.5 trillion yuan in 2022, an increase of 78.6% from five years ago; in 2022, the scale of cross-border e-commerce import and export will reach 2.1 trillion yuan, an increase from two years ago. The previous growth was 30.2%. In the past five years, China’s cross-border e-commerce import and export scale has increased nearly 10 times.

“Behind the transformation of China’s economic structure, we have witnessed practical progress on the innovation front and the vigorous development of the digital economy.” said Ke Ruizhi, Director of the Division of Globalization and Development Strategies of the United Nations Conference on Trade and Development.

China’s innovative development will bring new opportunities to companies from all over the world. The “Overseas Enterprises View China 2023” survey report released at the CIIE shows that with the continuous advancement of high-quality development of China’s economy, especially the huge potential released by new economic industries and low-carbon transformation, more global enterprises will start from Benefit from the growth opportunities in the Chinese market.

Looking to the future, China is also launching more measures to share development opportunities with the world. This includes making better use of the role of the CIIE as a platform to promote the accelerated transformation and implementation of more innovative achievements; strengthening innovation cooperation and achievement sharing with all parties, and striving to break down barriers that restrict the flow of innovation elements; deepening reforms in the digital economy and promoting the orderliness of data in accordance with the law. free movement; signing green, digital, blue economy and other cooperation agreements with more countries; a series of deployments such as the construction of the “Silk Road E-commerce” cooperation pilot zone are accelerated, China is accelerating towards an opening up with “more innovation momentum”, and Provide new opportunities for the world with new developments.

According to Greenspan, Secretary-General of the United Nations Conference on Trade and Development, China is using practical actions to prove that opening up is not only regarding removing trade barriers and promoting investment, but also regarding accepting new ideas with an open mind and promoting people-to-people exchanges.

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[Editor in charge: Liu Yang]

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