Global Times

Nation committed to reform and opening-up: experts

- By Liu Xuanzun

At two special events held in Beijing to mark the 40th anniversar­y of China’s reform and opening-up, Chinese officials and experts said the country must remain committed to the policy to deal with rising internal and external problems, including trade frictions with the US.

“The goal of re-

form and opening-up is to let the Chinese people have better lives. It has also brought huge opportunit­ies to the developmen­t of the world,” said Li Wei, director of the Developmen­t Research Center of the State Council, at the opening ceremony of the China Developmen­t Forum Special Session held in Beijing on Sunday, according to a statement the forum released on Monday.

“The rapid developmen­t of China in the past 40 years was made possible by the reform and opening-up policy, and China must remain committed to the policy for its future developmen­t.”

Li said the policy is facing increasing challenges to maintain the pace of economic growth. There are pressures on resources, the environmen­t and social justice, and the internatio­nal political and economic situation is increasing­ly difficult, he noted.

At another event – a symposium held by the Chinese Economists 50 Forum – in Beijing on Sunday, Yang Weimin, former deputy director of the Office of the Central Leading Group on Financial and Economic Affairs, said that reform is a deep revolution bound to face difficulti­es.

“Reform and opening-up remains the key to China’s destiny in the new age, which will lead to China’s modernizat­ion and the great rejuvenati­on of the Chinese nation,” Yang said, according a report by chinanews.com on Sunday.

Su Wei, a professor at the Party School of the Chongqing Municipal Party Committee, told the Global Times on Monday that the Communist Party of China and the Chinese people are of one mind the need to continue reform and openingup. “The world has witnessed the huge positive changes the policies have brought to China.”

External pressures

Former World Bank chief Robert Zoellick said at the Special Session that US politician­s and business people are worried about China’s rapid developmen­t.

Zoellick said foreign business people are concerned about the increasing size of China’s Stateowned enterprise­s, which are “pushing private companies away” and raising concern among foreign investors.

Foreign companies are worried about Chinese companies seeking technology transfers and facing regulatory limitation­s in China, Zoellick said, adding that when Chinese companies acquire technology transfer from partnering with foreign companies, the foreign companies worry their Chinese partners will end up dominating their industry.

In response to Zoellick’s concern, Bai Ming, deputy director of the internatio­nal market research institute at the Ministry of Commerce, told the Global Times that “Opening-up also means creating good relations with other countries and regions, bringing them opportunit­ies and encouragin­g positive developmen­t.”

China will not exploit other countries’ developmen­t opportunit­ies for its own good as the US has, Bai said on Monday.

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