China's high-level opening-up to drive global economy

The 20th National Congress of the Communist Party of China has sent a strong signal that China is committed to widening higher-level opening-up in the coming years. The congress also, for the first time, proposed to steadily widen institutional opening-up with regard to rules, regulations, management and standards, and called for preserving the diversity and maintaining the stability of the international economic landscape and trade relations.

After 10 years of efforts, China has made all the required preparations and created the right atmosphere for institutional opening-up. As such, China now has a broader agenda of opening up more areas and to a larger extent.

To promote institutional opening-up, China will create a more business-friendly environment by introducing more advanced rules, regulations and standards, further shortening the negative list to allow foreign businesses to enjoy the same treatment that domestic and State-owned enterprises get, and promoting fair, green and mutually beneficial development of international trade.