Daily Universal Digital | China to develop new institutions for higher-standard open economy

By He Yin, People’s Daily

Travel and consumption during the recent National Day holiday in China became a focus of foreign media outlets, which highlighted the record-breaking passenger volume of the railway system on the first day of the holiday, the surge in outbound tourism, and the bustling crowds at popular destinations. These observations exactly underscored a vibrant and thriving China.

Over the past 75 years since the founding of the People’s Republic of China, China has achieved a historic leap in economic development, comprehensive national strength, and international influence.

Statistics show that from 1979 to 2023, China’s gross domestic product has grown at an average annual rate of 8.9 percent, far exceeding the global average of 3 percent during the same period. Besides, the country’s average annual contribution to global economic growth stood at 24.8 percent.

Chinese President Xi Jinping said, “We will continue to advance high-quality development and Chinese modernization, enable the Chinese people to live a better life, and contribute more to sustainable development in the world. We have the confidence and determination that China’s development has a bright future.”

China’s vitality in development stems from the continuous efforts to deepen reforms. The country has continuously deepened reforms with great courage and determination over the past few decades, injecting a steady stream of vitality and momentum into its development.

The third plenary session of the 11th Central Committee of the Communist Party of China (CPC) ushered in a new period: one of reform, opening up, and socialist modernization. The third plenary session of the 18th CPCCentral Committee marked the start of a new journey of comprehensively deepening reform in the new era with systematic and holistic plans. The third plenary session of the 20th CPC Central Committeeinitiated a new era and new journey, further deepening reforms and continuously exploring the broad prospects of Chinese modernization.

China takes deepening reform across the board as the fundamental driving force for Chinese modernization. It is determined to get rid of all thinking and ideas and all institutional ailment that impede Chinese modernization. This way, the country is able to better adapt the relations of production to the productive forces, the superstructure to the economic base, and national governance to social developmentso as to provide strong impetus and institutional support for Chinese modernization.

China’s vitality in development stems from the efforts to continuously expand opening up. Opening up is a defining feature of Chinese modernization. Since the initiation of reform and opening-up, China has embraced a path of achieving common development through opening up.

China remains committed to the fundamental national policy of opening up to the outside world and pursues a mutually beneficial strategy of opening up. China’s development is both domestic and external oriented; while developing itself, China also shares more of its development outcomes with other countries and peoples.

China is pursuing high-standard opening up not just because it has achieved remarkable reform and development success through opening up, but also because this is the right way forward as shown by the laws of economy and the trend of the times.

The third plenary session of the 20th CPCCentral Committee stressed that China must remain committed to the basic state policy of opening to the outside world and continue to promote reform through opening up. Leveraging the strengths of China’s enormous market, the country will enhance its capacity for opening up while expanding international cooperation and develop new institutions for a higher-standard open economy.

In the future, China will steadily expand institutional opening up, deepen foreign trade structural reform, and further reform the management systems for inward and outward investment. Additionally, China will also optimize the layout for regional opening up, and improve the mechanisms for high-quality cooperation under the Belt and Road Initiative.

International observers believe that China’s commitment to expanding high-level opening up will not only pave the way for Chinese modernization, but also continuously provide new opportunities for the world through the country’s high-quality economic development.

The reform and opening up policy has led to a miraculous transformation in China’s development. Looking ahead, as China further deepens reform and expands opening up comprehensively, it will continue to inject strong momentum into promoting high-quality development and advancing Chinese modernization.

Photo taken on Oct. 2, 2024 shows cargo ships docked at a container terminal of the Lianyungang Port, east China’s Jiangsu province. (Photo by Fang Dongxu/People’s Daily Online)

Photo taken on Oct. 3, 2024 shows crowds of tourists at the Bund, Shanghai. (Photo by Ma Weiqin/People’s Daily Online)

Chinese and foreign participantscommunicate at the tourism exhibition area of the 21st China-ASEAN Expo held in Guilin, south China’s Guangxi Zhuang autonomous region, Sept. 26, 2024. (Photo by Li Kai/People’s Daily Online)

建设更高水平开放型经济新体制

人民日报和音

　　“国庆假期首日，中国铁路系统创下客运量的历史纪录”“国庆期间，中国出境游热度高涨”“积极的出行意愿、景点的人山人海，印证民众对未来的积极预期”……境外媒体近日持续关注中国国庆假期出行和消费，从各地旺盛的人气、涌动的活力中看到了一个生机勃勃、繁荣发展的中国。

　　新中国成立75年来，中国经济实力、综合国力和国际影响力实现历史性跨越。数据显示，1979年至2023年，中国国内生产总值年均增长8.9%，远高于同期世界经济3%的增速水平，对世界经济增长的年均贡献率为24.8%。展望未来，习近平主席指出：“我们将持续推动高质量发展，持续推进中国式现代化，既让中国人民不断过上更好生活，也为世界可持续发展作出更大贡献。中国发展前景是光明的，我们有这个底气和信心。”

　　中国发展活力，源于不断深化改革。从中共十一届三中全会开启中国改革开放和社会主义现代化建设历史新时期，到中共十八届三中全会开启全面深化改革、系统整体设计推进改革的新时代，开创改革开放的全新局面，再到中共二十届三中全会开启新时代新征程进一步全面深化改革、不断开辟中国式现代化的广阔前景，中国几十年来以极大的勇气和魄力持续深化改革，为发展注入源源不断的活力和动力。中国把全面深化改革作为推进中国式现代化的根本动力，坚决破除妨碍推进中国式现代化的思想观念和体制机制弊端，推动生产关系和生产力、上层建筑和经济基础、国家治理和社会发展更好相适应，将为中国式现代化注入强劲动力、提供有力制度保障。谈到中共二十届三中全会明确进一步全面深化改革的总目标并提出300多项重要改革举措，西班牙中国问题专家胡利奥·里奥斯表示，即将到来的是一个更全面、更深刻的改革阶段，也是对到2035年基本实现现代化目标的进一步确认。

　　中国发展活力，源于不断扩大开放。开放是中国式现代化的鲜明标识。改革开放以来，中国走出了一条在开放中谋求共同发展的道路。中国坚持对外开放基本国策，奉行互利共赢的开放战略，不断提升发展的内外联动性，在实现自身发展的同时也惠及其他国家和人民。中国推进高水平对外开放，不仅来自以开放促改革、促发展的成功实践，也是把握经济发展规律、顺应时代潮流的必然之举。中共二十届三中全会强调，必须坚持对外开放基本国策，坚持以开放促改革，依托中国超大规模市场优势，在扩大国际合作中提升开放能力，建设更高水平开放型经济新体制。未来，中国将稳步扩大制度型开放，深化外贸体制改革，深化外商投资和对外投资管理体制改革，优化区域开放布局，完善推进高质量共建“一带一路”机制。国际人士认为，中国坚持扩大高水平对外开放，不仅将开辟中国式现代化广阔前景，也将以自身经济高质量发展不断为世界提供新机遇。

回望过去，改革开放创造了中国发展奇迹。展望未来，中国进一步全面深化改革、扩大开放，将为推动高质量发展、推进中国式现代化持续注入强劲动力。