Hey there, global explorers! Have you heard the buzz? China's gearing up to open its doors even wider to the world!
Last week, the Communist Party of China (CPC) Central Committee adopted a resolution that's all about embracing the world with open arms. Officials say this move shows China's rock-solid resolve to ramp up its openness and connect more with everyone.
As the world goes through some wild changes (unprecedented in a century!), China isn't flinching. Mu Hong, in charge of routine work at the Office of the Central Commission for Deepening Reform, said China's determination to keep reforming and opening up is unshakable.
\"Opening up is a defining feature of Chinese modernization,\" says the resolution from the third plenary session of the 20th CPC Central Committee. And they're not kidding! The plan is to leverage China's huge market, boost international cooperation, and create new ways to build a super open economy.
So, what's the game plan? Here are the five key moves:
- Steadily expand institutional opening up
- Deepen foreign trade structural reform
- Revamp the management systems for investments coming in and going out
- Optimize regional opening up
- Improve how they cooperate under the Belt and Road Initiative
These steps build on China's achievements over the past decade. And boy, are there some cool developments!
In Qianhai, an up-and-coming business hub in Shenzhen, over 120 new foreign enterprises register every month! Talk about a new wave of investment!
Up in northwest China, at Xi'an's international port station, a China-Europe freight train arrives or departs every 100 minutes on average. These trains reach 25 European countries and 11 Asian ones. That's some serious connectivity!
And let's not forget Ezhou in eastern China, home to Asia's largest cargo airport, running 80 international cargo flights every week. Shipping game strong!
Wang Yiwei, a professor at Renmin University and an expert at the China Council for the Promotion of International Trade, wrote that China's been expanding its \"circle of friends\" in global economic and trade cooperation. In the first half of 2024, trade with Belt and Road partner countries jumped by 7.2%!
\"Despite anti-globalization vibes out there, China's doors remain open and will only open wider,\" Wang noted.
So, gear up, world! China is stepping up its game, and there's a ton of opportunities on the horizon. Who's excited?
Reference(s):
CPC plenum resolution shows China's resolve to further open up
cgtn.com