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Steady promotion of institutional opening

source:Silk Road Dialogue Committee|Release time:2023-02-23|Number of views:
Author: Chen Qing (Professor of Fujian Normal University), Zhang Yuanzhao (Associate Researcher of Xi Jinping Institute of Economic Thought, Fujian Academy of Social Sciences)

 

General Secretary Xi Jinping stressed: "Promote high-level opening up to the outside world, steadily promote the institutional opening up of rules, regulations, management, standards, etc., and enhance the voice in the international cycle." The report of the 20th National Congress of the Communist Party of China proposed: "Sustly expand the institutional opening up of rules, regulations, management and standards." This points out the way forward and provides a fundamental guide for us to steadily promote institutional opening up and promote high-level opening up to the outside world. In the new era and new journey, we should steadily promote institutional opening up, accelerate the construction of a new development pattern, and promote the unimpeded flow of domestic and international cycles.

Compared with the flow of goods and factors, institutional openness is a higher level of openness, and is an inevitable trend for China to achieve a high level of opening-up. It has profound historical logic, theoretical logic and practical logic. From the perspective of historical logic, reform and opening up is the key to determine the future and destiny of contemporary China. China's development cannot be separated from the world, and the prosperity of the world also needs China. Since the reform and opening up, China has continued to promote the opening up of factor mobility by joining the multilateral trading system based on the World Trade Organization, promoting the orderly and free flow of goods, services, funds and talents in the international and domestic markets, optimizing the allocation of resources, promoting China's economic and social development to achieve remarkable achievements, and also opening up broad space and making great contributions to the stable development of the world economy. At present, to actively promote high-level opening up, we need to steadily promote institutional opening up. From the perspective of theoretical logic, since the 18th National Congress of the Communist Party of China, the Central Committee of the Communist Party of China, with Comrade Xi Jinping at its core, has focused on the new situation and task of China's opening up to the outside world, and proposed to steadily promote the institutional opening up of rules, regulations, management and standards. This is formed by using the basic principles of Marxist political economy to guide China's economic development practice. The major theoretical achievement is the innovative development of Marxist political economy. From the perspective of practical logic, today's world is experiencing unprecedented changes in a century. World changes, times and historical changes are unfolding in an unprecedented way. China's development has entered a period when strategic opportunities and risks and challenges coexist, and uncertain and unpredictable factors increase. Promoting institutional openness and further integrating into the global industrial chain, supply chain, value chain and innovation chain system are conducive to accelerating the formation of a new development pattern, promoting trade and investment liberalization and facilitation, and creating new advantages in international cooperation and competition.

Actively connect with high-standard international economic and trade rules. Adhere to the high starting point planning and high standard construction, actively adapt to the new trend of international economic and trade rule reconstruction, closely follow the institutional innovation, give full play to the pilot role of free trade pilot zones, free trade ports, and form a number of replicable and promotable experiences in rule docking, rule innovation, rule opening, and other aspects, and create a new highland of openness with a higher level of openness, better business environment, and stronger radiation. Benchmark international high-standard economic and trade rules, promote institutional opening of rules, regulations, management, standards and other systems, and accelerate the construction of institutional systems and regulatory models that link up with international prevailing rules. Take full advantage of the development opportunities brought by the formal entry into force of the Regional Comprehensive Economic Partnership Agreement, actively dock the high-level free trade agreement rules such as the Comprehensive and Progressive Trans-Pacific Partnership Agreement and the Digital Economic Partnership Agreement, further improve the rules and standards of the free trade area, and continuously improve China's global factor resource allocation level.

Actively participate in international rulemaking. Countries have more ardent expectations for peaceful development, stronger calls for fairness and justice, and more urgent pursuit of win-win cooperation. In this context, China should take the initiative to take part in the formulation of relevant rules in the field of international economic and trade, promote the formation of a fair, reasonable and transparent international rule system, enhance China's voice and influence in the reform of the global governance system, and promote the development of economic globalization towards a more open, inclusive, inclusive, balanced and win-win direction. Focus on the cross-border flow of elements, actively promote the international rulemaking of new fields, new models and new business forms resulting from the combination of the Internet, the Internet of Things, big data, blockchain and other new technologies with traditional fields, promote the relevant institutional rules to become a global consensus, and strive to act as an advocate, promoter and leader in the rulemaking of digital trade.

We will further relax market access for foreign capital. Rationally reduce the negative list of foreign investment access, expand the scope of encouraging foreign investment, strive to build a more open, transparent and standardized business environment for foreign-funded enterprises in China, and strive to introduce more high-quality foreign investment. We will strictly implement the Foreign Investment Law, promote the removal of access restrictions on foreign investment in areas outside the negative list, implement the national treatment of foreign-funded enterprises, and achieve the consistency of domestic and foreign market access standards. We should coordinate the relationship between the negative list of investment and the negative list of cross-border service trade, the negative list of international law and the negative list of domestic law, the negative list of foreign capital access and the negative list of domestic market access, and significantly relax market access. We will explore the implementation of the "minimalist approval" investment system, implement more open policies for talents, entry and exit, transportation and other fields, promote the open development of finance, service trade, public services and other fields, and constantly enhance the confidence of foreign investors in investing in China.

Create a first-class business environment. Taking the international high standards and high standards as the benchmark, we will continue to promote the liberalization and facilitation of trade and investment, and strive to create a market-oriented, law-based and international first-class business environment. Adhere to the rule of law thinking and the rule of law to promote the construction of business environment, guide the reform with the rule of law, promote the rule of law with reform, standardize the government and market boundaries with the rule of law, and strive to create a stable, fair, transparent and predictable business environment. Protect the rights and interests of foreign investors according to law, strengthen the protection of intellectual property rights, constantly stimulate the vitality of innovation and entrepreneurship of market entities, and make China a hot spot for attracting foreign investment.

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