Reform and Openness:
Free, Fair and Open
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