The new face of opening-up

For years, Chinese people and experts on China have known well the official line of "further opening-up". Now they might as well get used to the subtle but distinct change in its wording, as the Communist Party of China and the government have in recent years repeatedly pledged to build an open economy.

The Communiqu and the Decision on Major Issues Concerning Comprehensively Deepening Reforms, issued at the end of the Third Plenary Session of the 18th CPC Central Committee, reiterate that China would develop a new open economic system, adapt to the trends of globalization and better combine "bringing-in" and "going-out" investment approaches.

The most important way of implementing the reform and opening-up policy is not to draft a huge list of measures, but to clearly define the fundamental goal and basic guidelines. On one hand, China will intensify the opening-up drive to invigorate its social and economic systems, and realize sustainable economic and social development. On the other, China intends to, through further opening-up, make full use of the external resources to better position itself in the global division of labor and on the international profit ladder.