CPC Plenum Resolution Highlights China's Commitment to Further Opening Up
Chinese officials and observers believe that a resolution passed last week by the Communist Party of China (CPC) Central Committee clearly shows China's commitment to intensifying its opening-up initiatives.
TroibNews 
Chinese officials and observers assert that the resolution adopted last week by the Communist Party of China (CPC) Central Committee unequivocally showcases China's commitment to enhancing its opening up efforts.
In the face of significant global changes and growing external uncertainties, China's determination and confidence in continuing to deepen reforms and expand opening up remain resolute, as emphasized by Mu Hong, deputy director of the Office of the Central Commission for Deepening Reform, during a press conference on Friday.
"Opening up is a defining feature of Chinese modernization," states the resolution, which was adopted at the third plenary session of the 20th CPC Central Committee.
The resolution outlines the necessity to uphold the basic state policy of opening to the outside world and to advance reforms through this framework. It stresses leveraging China's vast market to boost its capacity for opening up while promoting international cooperation and developing new institutions for a higher-standard open economy.
Five key initiatives are highlighted to illustrate China's approach to achieving high-standard opening up: expanding institutional opening up, deepening structural reform in foreign trade, advancing management system reforms for inward and outward investment, optimizing regional opening up, and enhancing mechanisms for high-quality cooperation under the Belt and Road Initiative.
These initiatives build upon China's numerous accomplishments in the realm of opening up over the past decade.
In Qianhai, a burgeoning business district in Shenzhen City, south China, an average of more than 120 new foreign enterprises are being registered monthly this year, indicating a surge in foreign investment.
In northwest China, the China-Europe freight train departs or arrives at Xi'an international port station approximately every 100 minutes. The freight train network now spans 25 European countries and connects with 11 Asian nations.
Ezhou, an eastern Chinese city, hosts Asia's largest cargo airport, managing 80 international cargo flights weekly.
"China has been actively expanding its circle of friends in global economic and trade cooperation. Its trade with partner countries under the Belt and Road Initiative (BRI) increased by 7.2 percent year-on-year in the first half of 2024," Wang Yiwei, a professor at Renmin University of China and expert at the China Council for the Promotion of International Trade, wrote in an article published on CGTN on Thursday.
"Despite anti-globalization sentiments, China's doors remain open and will only open wider," Wang concluded.
Camille Lefevre contributed to this report for TROIB News
In the face of significant global changes and growing external uncertainties, China's determination and confidence in continuing to deepen reforms and expand opening up remain resolute, as emphasized by Mu Hong, deputy director of the Office of the Central Commission for Deepening Reform, during a press conference on Friday.
"Opening up is a defining feature of Chinese modernization," states the resolution, which was adopted at the third plenary session of the 20th CPC Central Committee.
The resolution outlines the necessity to uphold the basic state policy of opening to the outside world and to advance reforms through this framework. It stresses leveraging China's vast market to boost its capacity for opening up while promoting international cooperation and developing new institutions for a higher-standard open economy.
Five key initiatives are highlighted to illustrate China's approach to achieving high-standard opening up: expanding institutional opening up, deepening structural reform in foreign trade, advancing management system reforms for inward and outward investment, optimizing regional opening up, and enhancing mechanisms for high-quality cooperation under the Belt and Road Initiative.
These initiatives build upon China's numerous accomplishments in the realm of opening up over the past decade.
In Qianhai, a burgeoning business district in Shenzhen City, south China, an average of more than 120 new foreign enterprises are being registered monthly this year, indicating a surge in foreign investment.
In northwest China, the China-Europe freight train departs or arrives at Xi'an international port station approximately every 100 minutes. The freight train network now spans 25 European countries and connects with 11 Asian nations.
Ezhou, an eastern Chinese city, hosts Asia's largest cargo airport, managing 80 international cargo flights weekly.
"China has been actively expanding its circle of friends in global economic and trade cooperation. Its trade with partner countries under the Belt and Road Initiative (BRI) increased by 7.2 percent year-on-year in the first half of 2024," Wang Yiwei, a professor at Renmin University of China and expert at the China Council for the Promotion of International Trade, wrote in an article published on CGTN on Thursday.
"Despite anti-globalization sentiments, China's doors remain open and will only open wider," Wang concluded.
Camille Lefevre contributed to this report for TROIB News
