Promoting the construction of a new development pattern with a high level of openness - Visiting Chi Fulin, President of the China (Hainan) Reform and Development Research Institute

Xinhua News Agency, Beijing, 30 Oct (Xinhua) -- Title: Promoting the Construction of a New Development Pattern with a High Level of Opening-up -- Visiting Chi Fulin, President of the China (Hainan) Reform and Development Research Institute

Xinhua News Agency reporter An Bei

Chi Fulin, president of the China (Hainan) Reform and Development Research Institute, said in an interview with reporters on the occasion of the 30th anniversary of the establishment of the China Reform Institute on the 30th that China should focus on building a new development pattern and firmly promote high-level opening up. This is not only an important measure to expand domestic demand, maintain sustained economic growth, and promote global economic stability and recovery, but also a strategic choice for deep integration into the world economy and the process of economic globalization.

Unleash the potential of strong market demand

Chi Fulin said that in order to objectively judge China's market potential, we must not only see short-term problems and contradictions, but also analyze the medium- and long-term potential and trends.

He said that in the short term, the recovery of China's consumer market is still facing great challenges. However, while seeing short-term pressures, we must also look at medium- and long-term trends, especially pay attention to the new consumer demand generated by changes in consumption structure and subjects.

Chi Fulin analyzed that the optimization and adjustment of China's industrial structure will form a huge market space. In the future, China's service-oriented, innovative and green demand will grow rapidly, which will bring considerable market space. For example, the servitization of manufacturing industry will become an important direction for the transformation and upgrading of the manufacturing industry, and form a major opportunity for the development of the productive service industry.

"The release of China's market potential is a major positive for the global market." Chi Fulin said that under the background of further deep integration with the world economy, China's strong domestic market will make new contributions to the stability and growth of the global economy.

Build a new system of open economy at a higher level

Chi Fulin said that practice has fully shown that China's construction of a new system of a higher level of open economy is conducive to fully releasing the potential and vitality of the market, is conducive to deep integration into the global economy, and promotes the construction of an open world economy.

He pointed out that China is building a high-standard market system, promoting the integration of high-level opening up with the construction of a high-standard market system, promoting reform with opening up, and promoting opening up with reform, which will win the initiative of international economic cooperation and competition.

Forming a strong domestic market is an important support for building a new development pattern. Chi Fulin said that adhering to the strategic base point of expanding domestic demand, realizing the linkage of internal and external markets, sharing of factor resources, and promoting the formation of a higher level of open cooperation are conducive to accelerating the construction of a new development pattern.

In the face of complex and severe domestic and foreign situations, China is committed to comprehensively deepening reform, expanding opening up, and promoting the construction of a new system of open economy at a higher level.

"It is necessary to promote the construction of a new system of a higher level of open economy with institutional opening up." Chi Fulin said that the major task of institutional opening up is to create a market-oriented, rule-of-law, and international business environment, strengthen institutional arrangements in fair competition, anti-monopoly, intellectual property protection, etc., and maximize market vitality and innovation vitality.

In recent years, under the dual impetus of the acceleration of industrial structure reform and the opening up of the service market, China's service trade has developed rapidly. Chi Fulin said that with the continuous release of the service consumption potential of urban and rural residents, further promoting the opening up and cooperation of service trade, there is huge room for development.

Continue to make new contributions to global economic growth

Chi Fulin said: In recent years, from expanding exports to expanding imports, from expanding the opening up of the commodity market to promoting the opening up of the service market, and accelerating the promotion of institutional opening up, China's opening door has become wider and wider, and the level of opening up has become deeper and deeper.

"China's promotion of high-level opening up will provide an important impetus for promoting the multilateral and bilateral free trade process, and will enhance China's influence and voice in participating in global economic governance." He said.

Although economic growth slowed in the third quarter, international institutions generally predict that China's economy will still achieve economic growth of about 8% this year.

"China will continue to make new contributions to global economic growth." Chi Fulin said that China's economic transformation and upgrading and the release of domestic demand potential need to be realized in a high level of opening up, and at the same time, with the release of China's huge market potential, it will also add great vitality to the global market.

Chi Fulin said that as a large market with the most potential in the world with a population of more than 1.4 billion and more than 400 million middle-income groups, China's promotion of building a new development pattern with a high level of openness will not only be of great significance to its own high-quality development, but will also have a major and positive impact on world economic growth and stability.

On November 1, 1991, the China (Hainan) Reform and Development Research Institute was established. Over the past 30 years, the China (Hainan) Reform and Development Research Institute has played an active role in reform policy research, policy consultation and promotion of Hainan's reform and development.