China is actively promoting high-level opening-up to achieve the goal of doubling exports. With the outline of the long-term goals for 2035, China's economy will move towards the ranks of moderately developed countries, and its per capita GDP will reach 30,000 US dollars. To achieve this goal, China needs to double its exports, i.e. from 3$6 trillion to $7 by 2035$2 trillion. This requires China's average annual growth rate to exceed 6% in the next 11 years, which has brought huge pressure and challenges to China's foreign world.
In order to meet this challenge, China has embarked on a three-pronged strategy to double its exports. The first is to promote the joint construction of the "Belt and Road" and build a community with a shared future for mankind; secondly, to promote high-level institutional opening-up; Finally, we need to expand high-level financial opening-up and promote the internationalization of the renminbi. These strategies will help China expand its international market, increase its scale, and lay a solid foundation for the sustainable development of China's economy.
The Belt and Road Initiative is an important international cooperation initiative advocated by China, aiming to promote global cooperation and development through mutual benefit and win-win results. At present, more than 150 countries and international organizations have joined the Belt and Road Initiative. According to this year's foreign data, countries along the Belt and Road are China's fastest-growing markets and markets with the fastest growth in foreign investment. In the first three quarters, China's imports and exports to the Belt and Road countries accounted for 46% of the total import and export value5%, a year-on-year increase of 31%；Non-financial direct investment in these countries increased by 27 per cent year-on-year.
Through the joint construction of the "Belt and Road", China has strengthened economic cooperation with countries along the Belt and Road, created a smooth and investment-friendly environment, and provided important opportunities for Chinese enterprises to expand the international market and increase the scale of exports. In the future, the Belt and Road Initiative will continue to play an important role in providing strong support for China's goal of doubling exports.
High-level institutional opening-up is a new direction for China's opening-up, which aims to further promote the opening up of rules, regulations, management and standards on the basis of the flow of goods and factors. This means that China will further strengthen the influence of international rules and promote the coordination and integration of domestic systems and international rules.
China has already begun to promote high-level institutional opening-up. Specific measures include fully aligning with international high-standard economic and trade rules, breaking down barriers between international and domestic economic systems, and promoting the transformation of domestic regulations into internationally accepted rules and standards. These measures will provide a more equal, fair, open and transparent international economic environment for Chinese enterprises, promote liberalization and facilitation, and help China's economy achieve sustainable development.
High-level financial opening-up is one of the important directions of China's opening-up, which is closely related to the high-level opening-up in the economic field. China is making great efforts to promote high-level financial opening-up, insisting on paying equal attention to "bringing in" and "going out", and creating a more convenient environment for cross-border investment and financing. At the same time, China is also focused on promoting the process of internationalization of the renminbi and increasing its use and influence on a global scale.
So far, China has signed bilateral currency swap agreements with 30 Belt and Road countries, and established RMB clearing arrangements in 17 countries. This provides a more convenient way for China to settle with countries along the route, and provides important support for China's exports. At the same time, the high-level opening up of the financial sector has also attracted more foreign financial institutions and long-term capital to invest in China, providing more extensive funds for China's economic development.
China is implementing three major strategies to double its exports: jointly building the Belt and Road Initiative, promoting high-level institutional opening-up, expanding high-level financial opening-up and RMB internationalization. These strategies will provide important support for China's opening up to the outside world, and help Chinese enterprises expand the international market and improve their scale. By making full use of international cooperation platforms, strengthening the construction of rules and systems, and promoting financial opening-up and RMB internationalization, China will achieve a high-level opening-up and inject strong impetus into economic development.
Despite the challenges and pressures, China has strong strength and firm will. China's economy has accumulated rich experience and resources in the rapid development of the past few decades, and has a broad market and potential. It is believed that through the implementation of the high-level opening-up strategy, China will successfully achieve the goal of doubling its exports and further promote economic prosperity and enhance its international influence.
To sum up with a sentence from the general secretary: "Openness brings progress, and closure inevitably lags behind." "China will continue to adhere to a high level of opening-up, continue to innovate and improve its opening methods, and make greater contributions to global economic development.