BEIJING: China is aiming to actively raise its opening up to a new level, according to a meeting of the central commission for deepening overall reform on Tuesday.
Headed by Chinese President Xi Jinping, the meeting also called for efforts to promote the gradual transition from dual control over the amount and intensity of energy consumption to dual control over the amount and intensity of carbon emissions.
Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, noted that cutting carbon emissions has become a strategic focus as the building of ecological civilization has entered a critical period.
Xi highlighted the importance of institutional opening up and deepening institutional reform in investment, trade, finance and innovation, among other key areas of foreign exchanges and cooperation, to raise China’s opening up to a new level.
China has honored its World Trade Organization accession commitments by opening up its market to the rest of the world, making itself a major trading partner of over 140 countries and regions.
Its annual foreign trade value reached a record 42.07 trillion yuan (about $5.85 trillion) in 2022, ranking at the top of the world for six years in a row.
China’s strong domestic economy should be given full play to attract global resources and production factors amid a complex international situation, according to the meeting.
In the past three years, China has achieved an average annual economic growth of 4.5 percent, about 2.5 percent higher than the world average, Chinese Premier Li Qiang pointed out during this year’s Summer Davos Forum.
–The Daily Mail-CGTN news exchange item
