China enters new stage of opening-up

Both historical and international experiences show that only by further opening up to the outside world can China continue to develop its economy and maintain its vitality. However, the level and rhythm of opening-up must be adjusted according to the national conditions.

For least-developed and developing countries, their process of opening-up to catch up with the developed world generally goes through three phases: participation, deepening and maturity.

The first three decades of China's reform and opening-up, from 1978 to 2008, were the participation phase of opening-up. During those years, China's main goal was to integrate with the world economy by expanding exports and attracting foreign capital.