Beijing, April 8th (Xinhua) — We have confidence in sharing development opportunities with the world
On both sides of the Pacific, there are two major economies in the world, one constantly creating problems and the other actively creating opportunities.
Faced with the shadow of unilateralism and protectionism, China is opening its doors and showing the world what a great power should look like: recently, multinational executives have visited China intensively, interacted and exchanged with Chinese high-level officials, and negotiated cooperation with Chinese companies; 13 foreign-funded enterprises have been approved for value-added telecommunications services, over 40 foreign-funded enterprises have implemented biotechnology projects, and 3 newly established wholly foreign-owned hospitals have been approved; The 5th Consumer Expo and the 137th Canton Fair are about to be held; The construction of Guangdong, Tianjin, and Fujian Pilot Free Trade Zones marks its tenth anniversary, and Hainan Free Trade Port is rushing to close its doors for operation
Openness is the only way for a country to prosper and develop. Since the reform and opening up, China has persisted in opening its doors to engage in construction, not only developing itself but also benefiting the world. Today, China is the world’s second largest economy and second largest consumer market, and the only country in the world with all industrial categories in the United Nations Industrial Classification. From the “world factory” supplying the world, to the “world market” gathering the world, and to the “innovation laboratory” empowering the world, China has always promoted market connectivity, industry integration, and innovation promotion in open development, bringing tangible benefits to global consumers. It is regarded as a “key link in the global value chain” by many multinational enterprises. For many years, China’s contribution to global economic growth has averaged around 30%, making it the largest source of growth for global economic development and providing important market opportunities, investment opportunities, and growth opportunities for countries around the world.
To cope with risks and challenges, we need to stimulate new economic vitality with a higher level of openness and expand the development space of Chinese path to modernization. Currently, the restrictions on foreign investment access in China’s manufacturing industry have been fully cleared, and the opening up of the service industry continues to break the ice and test the waters; We will jointly build the “the Belt and Road” in high quality and orderly expand independent and unilateral opening up. It is estimated that by 2030, the cumulative imports from developing countries alone are expected to exceed 8 trillion dollars; Accelerate the construction of a unified national market, continuously create a market-oriented, rule of law, and international first-class business environment, and better gather global resource elements. As China’s population of over 1.4 billion enters modernization, this scale will exceed the total population of existing developed countries, providing vast incremental space for demand upgrading, structural upgrading, and kinetic energy upgrading. This will not only enhance the resilience of China’s own economic development, but also create more new opportunities for open cooperation for the world.
Grasping the trend of development, the basic national policy of opening up to the outside world will never be shaken at any time. Economic globalization is a necessary path for the development of human society, and the economies of various countries are intertwined with each other. Faced with a new round of technological revolution and industrial transformation, humanity needs international cooperation and open sharing more than ever to solve the problem of common development. From resisting the Asian financial storm and the international financial crisis to dealing with the Sino US economic and trade frictions and the impact of the COVID-19, China has always moved forward in the big storms, expanded opening up with strong determination, constantly tightened ties with the global economy, consolidated and maintained the stability of the global supply chain and industrial chain, and become a stable anchor and safe haven for the world economy. History has repeatedly proven that open cooperation is the trend of history, and mutual benefit and win-win outcomes are the will of the people. Storms and storms will not interrupt China’s firm footsteps in opening up, nor will they reverse the trend of economic globalization.
The Chinese economy is like a vast ocean, integrated and interconnected with the world economy. Firmly promoting high-level opening up to the outside world is beneficial for China in promoting deep level reforms, promoting high-quality development, and forming a dynamic balance of higher economic levels; For the world, it is beneficial to expand the market cake, strengthen the mechanism of sharing, and activate the way of cooperation. We have the confidence to focus on our own affairs, firmly follow the path of reform and opening up, oppose acts of power and bullying, and share development opportunities with the world.