Policies hint at new phase of opening-up

China's recently announced policies and development direction, including those from the two sessions, signal a new phase of high-standard opening-up marked by "mutual empowerment", according to both domestic and multinational companies.

They said on Tuesday that "mutual empowerment" is a two-way process in which foreign companies benefit from China's vast market and innovation strength, while Chinese exporters and technology firms gain from globalization and international cooperation. This fosters competition, collaboration and shared benefits in a dynamic market.

These developments are being supported by concrete policy measures.