What China's high-standard opening up brings to the world

Beijing, 12 March (2023) - In 1978, one of China's most significant basic policies, reform and opening up, was adopted under the leadership of late Chinese leader Deng Xiaoping. Since then, generations of Chinese leaders have been firmly committed to the policy, turning China into a vibrant socialist market economy open to the outside world.

Today's China has become the world's second-largest economy, the largest trading nation, and a major magnet for global investors. But it's not the end of the story: Under the leadership of Chinese President Xi Jinping, the country will not only continue reforms to develop the socialist market economy, but also, as Xi noted in his report to the 20th CPC National Congress, "promote high-standard opening up."