"One of the focuses of this meeting is to expand China's high-level opening up and promote global development." Regarding the Third Plenary Session of the 20th Central Committee of the Communist Party of China, Finland's Helsinki Times paid attention to this. On the 21st, the full text of the "Decision of the Central Committee of the Communist Party of China on Further Comprehensively Deepening Reforms and Promoting Chinese-Style Modernization" reviewed and approved by the plenary session was released. It made special arrangements for opening up and proposed that we must adhere to the basic national policy of opening up to the outside world, persist in promoting reform through opening up, and build a new higher-level open economic system. Analysts believe that

This sends a clear signal that China will expand opening up to the outside world, and China's new reform blueprint will release more generous dividends of opening up to the world.

Openness is a distinctive symbol of Chinese-style modernization.

From the establishment of 22 free trade pilot zones and the construction of the Hainan Free Trade Port, to the signing and entry into force of the Regional Comprehensive Economic Partnership Agreement; from multiple reductions in negative lists for foreign investment access to relaxing access to telecommunications, medical and other service industries; From promoting high-quality joint construction of the "Belt and Road" to building international platforms such as the China International Import Expo, the Service Trade Fair, and the Consumer Expo... Over the past ten years, China has become more and more open. China has ranked as the world's largest country in goods trade for seven consecutive years, foreign investment has ranked among the top three in the world for 11 consecutive years, and capital flows have covered 155 countries and regions. China's integration with the world has been unprecedented.

At present, a century of changes is accelerating, unilateralism and protectionism are on the rise, economic globalization is encountering countercurrents, and openness is increasingly becoming a "scarce good." Faced with the common development problems of mankind and a new round of scientific and technological revolution and industrial transformation, China's insistence on promoting high-level opening up to the outside world not only comes from the successful practice of promoting reform and development through opening up, but also is an inevitable necessity to grasp the laws of economic development and conform to the trend of the times. The move also demonstrates its determination and responsibility to share opportunities with the world.

What China shares with the world is first of all the ultra-large-scale markets.

The plenary session proposed to rely on the advantages of ultra-large-scale markets to enhance openness while expanding international cooperation. This means that China is striving to open the door wider and wider, making China's big market a big market shared by the world. This has made many multinational companies full of expectations. Zhao Xiaochuan, sales director of business communications for Greater China, a German audio brand Sennheiser, told International Critical Review that

"The Chinese market is full of vitality and opportunities. It is not only the cradle of new projects, but also a fertile ground for the growth of innovative technologies and products."

More importantly, China's opening up to the outside world is steadily advancing from opening up based on the flow of goods and factors to opening up based on rules, regulations, management, and standards.

Simply put, domestic economic and trade rules must be in line with international standards to meet the requirements of building a new higher-level open economic system. This point was also emphasized at the plenary session. The "Decision" calls for steadily expanding institutional opening up, proactively aligning with international high-standard economic and trade rules, deepening the reform of the foreign trade system, and deepening the reform of foreign investment and foreign investment management systems. It is widely believed that this means that institutional transaction costs will be further reduced, international trade and investment will be more free and convenient; China will be more proactive in integrating into the international economy, making China's large market a major opportunity in the world.

Among them, the important arrangements made by the plenary session for expanding the utilization of foreign capital, as well as the "addition and subtraction" contained therein, have attracted special attention from foreign capital.

From rationally reducing the negative list for foreign investment access, implementing measures to comprehensively eliminate restrictions on foreign investment access in the manufacturing sector, to expanding the catalog of industries that encourage foreign investment, and improving the convenience system for foreign personnel to come to China, between "add" and "subtract", foreign investment can participate in more and more fields, and it is more convenient for foreigners to travel, live, medical care, and make payments to China. In addition, the "equal sign" of ensuring national treatment for foreign-funded enterprises in terms of factor acquisition, qualification licensing, standard setting, government procurement, etc. provides them with a more fair and open competitive environment. In the first half of this year, China established 26870 newly foreign-invested enterprises, a year-on-year increase of 14.2%. The scale of foreign investment attracted was nearly 500 billion yuan, the highest level in the past 10 years. This is a recognition of China's business environment and a vote of confidence in China's unswerving advancement of reform and opening up.

To expand opening up to the outside world, we must not only "invite in", but also "go out".

Today, China's "three new products" represented by new energy vehicles, lithium batteries, and photovoltaic products are popular in overseas markets, increasing the world's high-quality supply and promoting the transformation and upgrading of the local economy. The Belt and Road Initiative launched by China has brought tremendous changes to the world. Over the past 10 years, this initiative has attracted more than three-quarters of the world's countries and more than 30 international organizations to participate, driving nearly one trillion dollars in investment. The "Decision" proposes to improve and promote the high-quality joint construction of the "Belt and Road" mechanism and coordinate the promotion of major landmark projects and "small but beautiful" people's livelihood projects, which will undoubtedly inject new momentum into world development and bring more benefits to people of all countries.

In this process, the concept of "extensive consultation, joint contribution and shared benefits" advocated by China has brought a new atmosphere to global governance. The "Decision" emphasizes that Chinese-style modernization is a modernization that follows the path of peaceful development.

From promoting the construction of a community with a shared future for mankind to proposing global development initiatives, global security initiatives, and global civilization initiatives,

China proves with actions:What we pursue is not a modernization of isolation, but a world modernization of peaceful development, mutually beneficial cooperation, and common prosperity.

"It is very enlightening to observe how Chinese-style modernization is advancing and what the West can learn." Michael Schuman, Chairman of the German Federal Association for Economic Development and Foreign Trade, commented on the Third Plenary Session of the 20th Central Committee of the Communist Party of China. It is foreseeable that China will firmly promote Chinese-style modernization with a high level of opening up to the outside world and release more and more dividends of opening up to the world.

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Author: Andy

An experienced news writer, focusing on in-depth reporting and analysis in the fields of economics, military, technology, and warfare. With over 20 years of rich experience in news reporting and editing, he has set foot in various global hotspots and witnessed many major events firsthand. His works have been widely acclaimed and have won numerous awards.

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