China, which is constantly expanding and opening up, is full of opportunities. (Harmony) Economy | China | Opportunities

China is taking more proactive and proactive actions to promote high-level opening-up and develop a higher-level open economy, which is beneficial to both China and the world

The State Council of China recently issued the Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Attraction of Foreign Investment, promoting greater efforts and more effective attraction and utilization of foreign investment. The international public opinion has responded positively to this, believing that the 24 policy measures introduced "balance macro and micro aspects", "provide convenience for foreign businesses in China in terms of details", and "help boost the economy". These fully demonstrate that despite the rise of global protectionism and individual countries pushing for decoupling and disconnection, all parties still yearn to promote opening up and cooperation, and look forward to sharing China's opportunities. China, which continues to expand its high-level opening-up to the outside world, has a strong attraction.

"We still believe that the opportunities brought by China cannot be ignored." The website of Royal Bank of Canada Wealth Management recently published an article stating that China's total economic output accounts for over 18% of the global economy, and it has the largest middle-income group in the world, which is enough to attract the attention of multinational enterprises. This article highlights the important reasons why foreign institutions are increasing their investment in China in the context of insufficient global economic recovery and generally sluggish cross-border investment. Data shows that in the first half of this year, China's absorption of foreign investment remained basically stable, with an actual use of foreign investment of 703.65 billion yuan; 24000 new foreign-funded enterprises were established, a year-on-year increase of 35.7%; The quality of investment attraction continues to improve, with investment attraction in high-tech industries increasing by 7.9% and investment attraction in high-tech manufacturing reaching 28.8%. Multinational corporations generally state that the Chinese market is not an "optional" but a "necessary" option, containing enormous opportunities and will continue to deeply cultivate the Chinese market.

China's opportunities stem from steadily promoting institutional openness, continuously optimizing the market-oriented, legal, and international business environment. Since the beginning of this year, multiple departments in China have continuously increased their service guarantee efforts, strengthened regular communication and exchange with foreign-funded enterprises and business associations, timely coordinated and resolved difficulties in enterprise operation and project construction, and provided greater convenience for foreign trade and investment in China. In January, the new version of the Catalogue of Industries Encouraging Foreign Investment was officially implemented, with 239 new entries, reaching a new high in the calendar year. The industries and fields encouraged for foreign investment were further expanded; In June, the General Administration of Customs launched 16 new measures to optimize the business environment, further boosting confidence in foreign investment and development. China is vigorously expanding its high-level opening-up to the outside world. In the process of deepening foreign economic exchanges and achieving win-win cooperation, it has transformed policy and opening-up opportunities into development opportunities, continuously gathering strong momentum for high-quality development.

China's opportunities stem from aligning with international high standard economic and trade rules, continuously promoting trade and investment liberalization and facilitation. This year marks the 10th anniversary of the construction of China's pilot free trade zones. From Shanghai Pilot Free Trade Zone to the formation of 21 pilot free trade zones, the pilot free trade zones have become the pioneers of China's deep-seated reforms. Convenience measures such as the negative list of foreign investment access, the "single window" of international trade, and free trade accounts have been practiced, explored, and matured in the pilot free trade zones, and then promoted nationwide. The pilot free trade zone has replicated and promoted 278 institutional innovation achievements nationwide. The Regional Comprehensive Economic Partnership Agreement has come into full effect, promoting wider, higher-level, and deeper open cooperation among member states. The substantive completion of the follow-up negotiations on the upgrade of the China Singapore Free Trade Agreement, the third round of negotiations on the China ASEAN Free Trade Area 3.0, the launch of negotiations on the China Honduras Free Trade Agreement, and the substantial completion of negotiations on the China Nicaragua Free Trade Agreement... As the "circle of friends" of China's free trade area grows, the dividends of China's further opening up will benefit more and more countries and regions.

China's opportunities stem from providing high-quality open cooperation platforms, building bridges for domestic and foreign enterprises to expand their markets. Since the beginning of this year, China's exhibition economy has continued to be hot: at the Consumer Expo, over 3300 brands from 65 countries and regions have participated; At the Canton Fair, on-site export transactions amounted to 21.69 billion US dollars; At the China Africa Economic and Trade Expo, the number of enterprise docking projects has reached the highest in history; The upcoming Service Trade Fair will feature offline exhibitions organized by 75 countries and international organizations in the name of national governments or headquarters, with over 1800 companies participating offline and online; The 6th China International Import Expo has attracted more than 280 Fortune 500 companies and industry leaders to participate... China has opened its arms to the world, attracting all parties to share opportunities and seek common development with China. According to data released by the Kiel Institute of World Economics in Germany, China has become the first country in the world to exceed $300 billion in monthly export value. Analysis suggests that in the recent situation where demand in developed economies has slowed down, China's foreign trade scale has maintained a stable and positive momentum, and its structure has continued to optimize, demonstrating strong resilience.

The world economy thrives when it is open, and declines when it is closed. Only through openness can progress be made. The more the world faces the risks brought by protectionism, the more it needs to continuously expand its willingness and ability to open up. China is taking more proactive and proactive actions to promote high-level opening-up and develop a higher-level open economy, which is beneficial to both China and the world.