Resolve to further open up

President Xi Jinping vowed to improve the investment and market environment, and quicken the pace of the country's opening up at a key meeting on economic and financial reform in Beijing on Monday, demonstrating the steadfast determination of the country's leaders to continue advancing reforms and opening up.

Nearly 40 years after China first implemented its opening-up policy, which facilitated its remarkable economic development and social progress, the country now stands at a new starting point for further opening up.

To upgrade its industry and transform its development model, China cannot afford to ignore the indispensible roles foreign capital and advanced technology have played in raising China's overall development level over the past decades.