Promote the construction of an open world economy through high-level opening up.

2024-12-28 17:30

The recent Central Economic Work Conference has identified key tasks for the coming year, including expanding high-level opening up to the outside world, stabilizing foreign trade, and stabilizing foreign investment.

Openness is a distinctive feature of Chinese-style modernization and an important driver for deepening reforms comprehensively. Advocating for inclusiveness, mutual benefit, and win-win outcomes in promoting the construction of an open world economy is China's global governance tone and international cooperation concept in actively advancing economic globalization and building a community with a shared future for mankind. It is also an intrinsic requirement for further expanding high-level opening up and is crucial for stabilizing foreign trade and foreign investment, acting as the "ballast stone" and "golden key" for this work.

Deeply grasp the core essence of promoting inclusive development in the construction of an open world economy. Promoting reform and development through openness is China's requirement for connecting with the world and creating the future together. The Third Plenary Session of the 20th Central Committee of the Communist Party of China comprehensively deployed the "improvement of high-level opening up systems and mechanisms," emphasizing the importance of using openness to promote reform and build a new system of a higher level of open economy. Inclusive and mutually beneficial openness and development are at the core of China's explanation and advocacy for high-level opening up to the international community. China's adherence to the basic national policy of opening up, its firm pursuit of a mutually beneficial and win-win open strategy, and its continuous provision of new opportunities for the world through China's new development, as well as its promotion of an open world economy that better benefits people in all countries, are aimed at correctly guiding the direction of economic globalization. China is working together to promote inclusive and mutually beneficial economic globalization, pushing economic globalization into a new stage that is more vibrant, inclusive, and sustainable, and better benefiting different countries and groups.

Accurately understand the era background faced in promoting inclusive development in the construction of an open world economy. The current world sees increasingly complex geopolitical situations, and trade protectionism seriously hinders global development, casting a shadow over the inclusive development and open cooperation of the world. With China's active advocacy and the joint efforts of developing countries, the "Global South" now accounts for more than 40% of the world economy. This not only profoundly rewrites the world economic map but also explains to the international community the historical trend of jointly promoting inclusive development in the open world economy. Only by expanding openness to promote the liberalization and facilitation of trade and investment can we drive scientific and technological innovation and green development. Only by leading global governance reform with the concept of fairness, justice, and open inclusiveness can we effectively respond to challenges and promote world economic growth. Only by promoting an international cooperation pattern of inclusive development can we truly inject new momentum into building a community with a shared future for mankind.

Correctly recognize the connotation and characteristics of promoting inclusive development in the construction of an open world economy. An inclusive development-oriented open world economy is a global governance system that focuses on fairness and justice in the international community and pays attention to sharing development outcomes among all countries and groups. First, it emphasizes cooperation. With the goal of building a community with a shared future for mankind, it strengthens global cooperation and jointly promotes the liberalization and facilitation of trade and investment. Second, it emphasizes construction. With inclusive development as the core, it promotes the reform and construction of the global economic governance system, jointly addressing global challenges such as climate change and environmental pollution while supporting the fundamental role of the multilateral trading system. Third, it emphasizes mutual trust. It strengthens people-to-people exchanges and educational cooperation to build a solid international community foundation for inclusive development.

Comprehensively understand the significant meaning of promoting inclusive development in the construction of an open world economy. First, inclusive development adheres to mutual benefit, inclusive balance, and open cooperation, which helps to ensure that all countries and people groups can participate equally in the process of economic globalization and share the fruits of world economic development. Second, inclusive development encourages countries to strengthen policy coordination and jointly formulate and implement international rules and standards, which helps to reduce economic fluctuations and risks, and enhance the security and resilience of the global economic system. Third, inclusive development emphasizes the implementation of the United Nations Millennium Development Goals, which helps to eliminate obstacles caused by differences in historical culture, religious beliefs, and social systems among different ethnic groups, and jointly address international challenges such as food security, energy security, climate change, and natural disasters.

Fairly view China's contribution to promoting inclusive development in the construction of an open world economy. China, based on its responsibilities as a major country, is committed to promoting inclusive and mutually beneficial economic globalization. By building international logistics channels such as the China-Europe Railway Express and the Western Land-Sea Corridor, China comprehensively enhances its connectivity with the world, providing public service products that promote inclusive development for the international community. By continuously hosting new types of international exhibitions such as the China International Import Expo and the Global Industrial Chain Expo, China creates a cooperative platform for the world economy that is inclusive and mutually beneficial. By playing a leading role in multilateral cooperation such as the Shanghai Cooperation Organization and the BRICS mechanism, China promotes exchanges and mutual learning among different civilizations and maintains multilateralism in economic globalization. China has provided development assistance to more than 160 countries, jointly built the "Belt and Road" with more than 150 countries, and advanced global development initiative cooperation with more than 100 countries and several international organizations, including the United Nations.

Continuously implement practical measures to promote inclusive development in the construction of an open world economy. Adhere to global multilateral cooperation and the direction of inclusive development of the open world economy, firmly maintain the multilateral trade system with the WTO at its core, actively participate in the robust reform of global trade and economic rules, and strive to promote regional economic integration and interconnectivity. Continue to hold international exhibitions such as the China International Import Expo, the Global Industrial Chain Expo, and the Consumer Goods Expo, promoting the liberalization and facilitation of trade, investment, technology, and service circulation, and maintaining the stable and smooth operation of industrial and supply chains. Persist in using openness to promote reform and expand international cooperation, actively align with international high-standard trade and economic rules, actively expand autonomous opening up, and promote the orderly expansion of openness in fields such as telecommunications, the internet, education, culture, and healthcare. Implement the RCEP high-quality, deepen the process of joining the CPTPP and DEPA, actively explore trade agreements in the fields of digital and green, and continue to expand a global network of high-standard free trade areas. Persist in participating in the construction of international multilateral and bilateral organizational platforms in an all-round way, strengthen economic and technical cooperation, increase support for developing countries and international disadvantaged groups such as the "Global South," and jointly enlarge and share the "economic cake" to allow more international economic entities and more people to share the fruits of development. With the implementation of China's eight actions to support global development as the core, aid in the inclusive and beneficial development of the world economy.