Institutional opening-up a must to adapt to changes

Editor's note: China will steadily advance institutional opening-up. China Economic Times spoke to Gao Lingyun, a researcher at the Chinese Academy of Social Sciences' Institute of World Economics and Politics, and Chen Hongna, an associate researcher at the Development Research Center of the State Council, on how this can help the country forge new advantages in international competition. Below are excerpts of the interview. The views don't necessarily represent those of China Daily.

The advance of institutional opening-up can help unlock dividends from institutional innovation and attract high-end global advanced technologies, data and talent. It can also enable China to reshape its competitive advantages, moving beyond industrial advantages toward stronger rule-making capacity.

China should remove the institutional barriers that impede the free flow of factors, fully unleash the dynamism of its vast domestic market and strengthen the economy's resilience against external shocks by aligning with high-standard international economic and trade rules.