CGTN: How China 'sails together on the boundless ocean' with the world
PR89843
BEIJING, June 1, 2021 /PRNewswire=KYODO JBN/ --
"Boundless is the ocean where we sail with the wind" is a line from a Chinese
poem written 1,000 years ago.
https://www.youtube.com/watch?v=llVMizO8amM
The ancient saying, which means there are no geographical limits to where we
travel to meet friends, has enduring resonance in modern China.
"I wish to make it clear to all that China's door of opening-up will not be
closed and will only open even wider," said Chinese President Xi Jinping at the
Boao Forum for Asia in 2018.
From reform and opening-up…
The remarkable changes that resulted from China's 1978 reform and opening-up
policy testify to the great value of the conviction that openness is the way to
growth and wealth.
Guided by the policy, the country has been transformed from a largely
agricultural nation to the second largest economy in the world.
China's total imports and exports of goods expanded 1.9 percent year on year to
32.16 trillion yuan (about $4,647 billion) in 2020, hitting a record high
despite a worldwide slump in shipments and making it the world's only major
economy to register positive growth in foreign trade in goods.
In 1978, the volume totaled only about $20.6 billion.
China has worked hard to attract more global investors to its massive domestic
market by widening market access and improving the business environment.
A recent survey by the Ministry of Commerce indicates that 96.4 percent of
foreign-invested enterprises are optimistic about their business prospects in
China.
China also joined the ranks of the world's top 10 most improved economies for
ease of doing business for the second year in a row thanks to a robust reform
agenda, according to a World Bank study report for 2020.
Meanwhile, China has signed cooperation agreements with 140 countries and 31
international organizations under the Belt and Road Initiative (BRI), since it
was initiated in 2013.
… to the new development pattern
As China embarks on a new journey toward socialist modernization via the 14th
Five-Year Plan (2021-2025), opening-up remains crucial to the country's new
roadmap.
Unveiling its "dual circulation" development pattern in the plan, China pledges
to further open its markets in the next five years to tide over the
virus-induced economic slowdown and promote international cooperation.
The new development paradigm means making sure both domestic and foreign
markets are better connected and utilized by unleashing the potential of the
domestic market.
And concrete efforts are underway.
China now has 21 pilot free trade zones (FTZs), after unveiling three new FTZs
last year. It also signed the Regional Comprehensive Economic Partnership
agreement, which is set to be the world's biggest free trade bloc.
Source: CGTN
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