Along with the sustained efforts to invigorate the domestic economy via market reforms, the CPC has been consistent in pushing opening-up step by step.
"Unlike many Western countries, where policy initiatives are often overturned once an administration changes, China's policies have always been consistent with effective implementation, providing stable expectations for firms," said Zhao Lei, a professor with the Party School of the Central Committee of the CPC.
The CPC has been leading China's opening-up through trial and error. Pilot reforms were carried out in free trade zones designed to test water for new modes of international cooperation. The number of sectors that are off-limits for foreign investors was gradually reduced over the years as the country further opened up.
In its latest efforts to open the economy, China unveiled a new negative list for foreign investment in late June, cutting the number of sectors that are off-limits for foreign investors to 33 from 40 in 2019.
At a time when protectionism and anti-globalization sentiments rise, the CPC's opening-up push is facing uNPRecedented challenges.
Despite the impact of the COVID-19 pandemic, the country has reiterated that it would continue to broaden market access and open up its service sector, vowing supportive measures to shore up foreign investment and trade.
"Many thought that China would hit the brake on promoting the Belt and Road Initiative amid the pandemic, but the country has been unwaveringly advancing it, as evidenced in the recent High-level Video Conference on Belt and Road International Cooperation," Zhao said.
【国内英语资讯:China Focus: Braving challenges, CPC to lead China to new economic success】相关文章:
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