Xi brought China's opening up to a new level. He designed and pushed forward the opening of the world's first import-themed national-level expo. At the China International Import Expo, he reiterated opposition to trade protectionism and commitment to an open world economy.
The expo, held in Shanghai in November this year, was attended by over 3,600 companies, including nearly 180 American companies. Agreements on intended one-year purchases of goods and services were valued at 57.83 billion U.S. dollars.
China announced a series of measures to further open up its economy, including broadening market access, easing foreign equity restrictions, lowering automobile import tariffs and increasing imports. The number of free trade zones has risen to 12 in five years.
"Openness brings progress while seclusion leads to backwardness," Xi said.
Xi led China to be more involved in international economic cooperation, turning the country into a more mature modern market economy, said Wang.
ON THE WAY
"Xi has transformed China at an astonishing pace," Geoff Raby said in his column in the Australian Financial Review. "At over 8,000 U.S. dollars per capita, China is now at the higher end of the World Bank's middle-income economy range, and some 40 percent of that was added during Xi's tenure."
"This is the new order in Asia. It is no longer emerging, it has arrived," he said.
The People's Republic of China will celebrate its 70th anniversary next year. The Chinese nation with a history of humiliation has stood up, grown rich and is becoming strong.
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