Re­form and Open­ness:

Free, Fair and Open

NewsChina - - CONTENTS - By Wang Quan­bao and Li Jia

China's four decades of re­form and open­ing-up have been de­scribed by Chi­nese Pres­i­dent Xi Jin­ping as “self-revo­lu­tion and self-re­form.” In his key­note speech at the open­ing cer­e­mony of the 2018 Boao Fo­rum for Asia (BFA) An­nual Con­fer­ence in South China's Hainan Province on April 10, he ar­gued that open­ness to the rest of the world had set the stage for China's eco­nomic growth for 40 years, and fur­ther open­ing would chart the coun­try's way for­ward to high-qual­ity growth in the fu­ture.

Xi fore­shad­owed a range of poli­cies in that vein, in­clud­ing lower restric­tions on for­eign equity in China's fi­nan­cial sec­tor and au­to­mo­bile man­u­fac­tur­ing, a more trans­par­ent reg­u­la­tory frame­work in align­ment with in­ter­na­tional rules, more ef­fec­tive in­tel­lec­tual prop­erty pro­tec­tion and in­creases in im­ports. He pledged that these mea­sures would be im­ple­mented “sooner rather than later.”

He crit­i­cized the “cold war men­tal­ity and zero-sum game,” and the ideas of “con­fronta­tion” and “beg­gar thy neigh­bor.” He promised that China would never bully any­one, top­ple the ex­ist­ing global sys­tem or seek a sphere of in­flu­ence. Chi­nese an­a­lysts say these re­marks were aimed squarely at the US.

Fur­ther open­ing up to the rest of the world is en­shrined in China's top pol­icy dec­la­ra­tion. “China ad­heres to the fun­da­men­tal na­tional pol­icy of open­ing up and pur­sues de­vel­op­ment with its doors open

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