Still on track for further opening-up

THE DRAFT OF China's 13th Five-Year Plan (2016-20) shows policymakers' resolve to stick to the path of making the economy more modern and open. It comes as the European Union has launched an in-depth assessment to determine whether to grant China market economy status. Xinhua News Agency commented on Wednesday:

The road map for China's economic and social development for the next five years dedicates one chapter to elaborating the government's resolve to continuously build a modern market system, which sets a strong tone for furthering the Chinese market's connection with the world.

Methods used in the EU's anti-dumping procedures on imported Chinese products are currently based on China not being considered a market economy. Under World Trade Organization rules, China's exports have thus fallen victim to unfair and discriminatory EU practices.