Im­port expo high­lights China’s wis­dom

Global Times US Edition - - EDITORIAL -

The first China In­ter­na­tional Im­port Expo (CIIE) kicked off on Mon­day in Shang­hai dur­ing which Chi­nese Pres­i­dent Xi Jin­ping de­liv­ered an im­por­tant speech. The expo can be deemed a launch cer­e­mony for China’s new round of open­ing-up at higher level.

The Po­lit­i­cal Bureau of the Com­mu­nist Party of China Cen­tral Com­mit­tee held a meet­ing last week to an­a­lyze the cur­rent eco­nomic sit­u­a­tion. Dur­ing a sym­po­sium on pri­vate en­ter­prises on Thurs­day, Xi stressed China’s unswerv­ing sup­port for non-pub­lic sec­tor de­vel­op­ment and said “pri­vate en­ter­prises and pri­vate en­trepreneur­s be­long to our own fam­ily”. This is to clar­ify some do­mes­tic queries about own­er­ship and to mo­ti­vate China’s in­ter­nal re­form.

When fac­ing the pres­sure of a trade war, whether to close the door or per­sist in open­ing-up is a com­pre­hen­sive test for China.

Com­pared with coun­tries that plunged into full con­fronta­tion with US sanc­tions, China has taken to­tally dif­fer­ent coun­ter­mea­sures. At the Boao Fo­rum for Asia in April, Xi un­veiled new mea­sures for ex­pand­ing re­form and open­ing-up. CIIE was held as sched­uled and with metic­u­lous or­ga­ni­za­tion. This re­flects China’s res­o­lu­tion to open wider, re­gard­less of changes in the in­ter­na­tional sit­u­a­tion.

China has im­ple­mented re­form and open­ing-up de­spite all the set­backs. Chi­nese peo­ple are aware how im­por­tant such an at­ti­tude and de­ter­mi­na­tion can be. As long as China fol­lows the right path, it can deal with what­ever dif­fi­cul­ties hap­pen.

China has been out­stand­ingly re­silient and per­sis­tent un­der US trade pres­sure, with am­ple ra­tio­nal­ity and strate­gic wis­dom. China is a unique coun­try that has its own de­vel­op­ment plan and the ca­pac­ity to prop­erly ad­just the ex­e­cu­tion of that plan.

We be­lieve that the Chi­nese peo­ple have more be­lief in the Chi­nese govern­ment’s res­o­lu­tion of fur­ther open­ing up af­ter watch­ing the CIIE open­ing cer­e­mony. Many have felt that China’s re­cent pol­icy em­phases echo each other, show­cas­ing a po­lit­i­cal will for boost­ing eco­nomic and so­cial de­vel­op­ment.

As the sec­ond largest power in the world, China is ex­plor­ing ways to get along with other coun­tries and in this process con­flicts have arisen. While some coun­tries are still hes­i­tat­ing, China’s path re­mains clear and stead­fast.

China will carry out re­form and open­ing-up at a higher level and there is no way back. Bei­jing has to achieve pros­per­ity and long-term sta­bil­ity by di­ver­si­fy­ing do­mes­tic de­vel­op­ment and in­te­grat­ing more with the world. China needs to walk steadily on this path.

What the West says about us doesn’t mat­ter. How fast China pushes for­ward re­form and open­ing-up should be de­ter­mined by the ac­tual con­di­tion and has to meet pub­lic ex­pec­ta­tions. Pol­icy procla­ma­tions have to be done to make peo­ple and in­ter­na­tional so­ci­ety feel the ben­e­fit.

With the first-ever na­tional im­port expo, China con­sid­ers the US the main part­ner in its open­ing amid a trade war. As China strength­ens, more chal­lenges and re­spon­si­bil­i­ties will come that re­quire more wis­dom and calm.

Il­lus­tra­tion: Peter C. Espina/GT

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