China to deepen reform, opening-up, expand cooperation in new era
PR90089
BEIJING, June 15, 2021 /PRNewswire=KYODO JBN/ --
With the conviction that openness is the way to growth and wealth, Chinese
President Xi Jinping has called on China and the rest of the world to expand
cooperation and build a community with a shared future for mankind.
While attending the APEC CEO Summit in Bali, Indonesia back in November 2013,
the Chinese president quoted a time-honored saying to express the country's
firm determination to reform and open up its economy and enhance cooperation
with the rest of the world.
"China will commit itself to building a cross-Pacific regional cooperation
framework that benefits all parties. The vast Pacific is free of natural
barriers, and we should not erect any man-made ones. 'Boundless is the ocean
where we sail with the wind,'" Xi said, quoting a line from a Chinese poem
written 1,000 years ago.
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 4.97 trillion U.S. dollars) in 2020.
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.
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.
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.
President Xi has previously pledged that "China's door of opening-up will not
be closed and will only open even wider," signaling the clear intent for
greater global cooperation.
Link: https://youtu.be/9NREbgLCNr4
SOURCE CCTV+
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