Ye Fujing: How to understand a higher level of opening up

Mondo Tourism Updated on 2024-02-27

**The Economic Work Conference will expand high-level opening-up as a key task to promote high-quality development. We need to deepen our understanding of what is a high-level opening up to the outside world and what constitutes a high-level opening up.

Compared with the opening up in the past, high-level opening up should be an opening up with a higher level, better quality, and greater effect. Specifically, the first is conducive to increasing the room for maneuver of China's economy, with more diverse paths for opening-up, more inclusive processes, more inclusive results, and significantly improved the quality of opening-up. Second, there are fewer and fewer obstacles and barriers to cross-border flow of goods, services, capital, talents, information, etc., and investment is more free and convenient. Not only should access restrictions be reduced, but the problems of "glass doors" and "spring doors" should also be vigorously eliminated. Border management measures should be further reduced, and barriers behind the border should also be effectively resolved. The door of opening is opening wider and wider, just to facilitate investment. Third, economic and trade rules are deeply connected with international best practices, and more scientific, reasonable and advanced rules are moving closer, that is, more emphasis is placed on institutional opening-up. Fourth, it should be more attractive to global high-end investment, technology, talents, enterprises and resources, and more effective in the development and utilization of the international market. The investment, technology, talent, and enterprises introduced should be of higher quality, and the markets and resources that can be used should be larger, more diversified, more resilient, and safer. Fifth, opening-up should play a greater role in promoting China's high-quality development, scientific and technological progress, innovation ability enhancement, and international competitiveness, and the risk should be lower. It can be said that the core of high-level opening up is that the cross-border flow of factors, the most free and convenient investment, and the higher level of cooperation will play a greater role in promoting China's high-quality development, especially the continuous enhancement of innovation capabilities.

At present and for some time to come, it is necessary to closely integrate the promotion of high-level opening-up with the promotion of Chinese-style modernization, and give better play to the important role of high-level opening-up in promoting Chinese-style modernization. To this end, it is necessary to start from the aspects of stimulating motivation, laying a solid foundation, and anchoring goals.

First, we need to promote in-depth reform through high-level opening-up. By unswervingly expanding opening up, we will strive to break down deep-seated institutional and institutional obstacles. Focusing on key areas such as the digital economy, investment, competition policy, procurement, intellectual property rights, and the environment, we will steadily expand institutional opening-up such as rules, regulations, management, and standards, break the ice and solve problems in deepening the reform of relevant domestic fields, and strive to create a market-oriented, law-based, and international first-class business environment.

Second, we need to promote high-quality development through high-level opening-up. On the basis of removing restrictions on foreign investment in the manufacturing sector, we will further promote the high-level opening up of cross-border services** and investment, and expand market access for digital products. Fully integrate into the global innovation network and promote the realization of high-level scientific and technological self-reliance and self-reliance. Promote industrial upgrading, economic structure optimization, and the formation of a unified national market with a high level of opening up.

Third, we should meet the people's needs for a better life with a high level of opening up to the outside world. Improve the quality and level of investment cooperation, enhance the driving effect of foreign trade and foreign investment on expanding employment and benefiting people's livelihood, promote the coordinated development of urban and rural areas, and improve people's livelihood and well-being in promoting high-level opening up.

Fourth, we need to promote win-win cooperation among countries around the world through high-level opening-up. China's high-level opening-up is not a one-man show, but welcomes the participation of all parties. It is not to seek spheres of influence, but to support the common development of all countries; It is not to create its own back garden, but to build a hundred gardens shared by all countries. It is necessary to firmly safeguard the authority and effectiveness of the multilateral system and fully and deeply participate in the reform of the world organization. Deepen the Belt and Road partnership and resolutely oppose unilateralism and protectionism. Deeply participate in the global industrial division of labor and cooperation, and maintain a diversified and stable international economic pattern and economic and trade relations.

This article**:Economy** Author: Ye Fujing, director and researcher of the Research Management Department of the China Academy of Macroeconomics).

*:Economy**.

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