Forty years ago, China created four special economic zones in the
southeastern coastal cities of Shenzhen, Zhuhai and Shantou in Guangdong
province and Xiamen in Fujian province as part of the country's
opening-up drive to encourage foreign investment and boost economic
Ever since then, by adhering to its fundamental State policy of
opening-up, China has aligned itself with the economic globalization
process, and emerged to be the world's second-largest economy.
As the COVID-19 pandemic has plunged the world economy into
recession, China remains committed to expanding opening-up to bolster
its high-quality growth and to promoting globalization and inclusive
Speaking at a symposium on economic and social work on Monday,
President Xi Jinping stressed the importance of higher-level opening-up
in international cooperation and competition, and reiterated that
opening-up remains China's fundamental policy.
He underlined the need to actively develop cooperation with
countries, regions and enterprises that are willing to partner with
China, including individual states, local partners and companies from
the United States, in order to form an all-around, multifaceted
While adhering to opening-up, Xi said the country should also
coordinate security with development, make efforts to enhance
competitiveness and improve its risk oversight, prevention and control
Observers said that, against the backdrop that the US keeps raising
its rhetoric against Beijing and escalating confrontation with the "new
Cold War", China's consistent policy of opening-up holds the key to its
post-pandemic development and will also inject greater confidence and
momentum into the world economy.
Zhou Fangyin, president of the School of International Relations at
Guangdong University of Foreign Studies, said that in the current
situation, China's wider opening to the world will help frustrate US
attempts to contain it on the international stage, although the policy
cannot result in changes to Washington's anti-China strategy.
Through bilateral and multilateral cooperation with more countries,
China will use its concrete steps in reform and opening-up to reduce the
impact of anti-globalization caused by unilateralism and protectionism,
hence contributing to its growth and bringing hope for world economic
recovery from the fallout of COVID-19, Zhou said.
A recent meeting of the Political Bureau of the Communist Party of
China Central Committee set the tone for the country's economic policy
based on the uncertainties and problems that are likely to exist in the
medium and long term. It called for a "dual circulation "development
pattern in which the domestic economic cycle plays a leading role while
the international economic cycle remains its extension and supplement.