What they say

In a move to support Chinese enterprises to expand their global footprint, the government needs to ramp up financial assistance to their overseas investment projects on the premise of ensuring authenticity. The initiative is expected to provide a significant boost to China's private sector and empower homegrown businesses to compete more effectively on the global stage.

Chang Ka Mun, senior adviser at Fung Business Intelligence, managing director of Li & Fung Development (China)

Hainan province is pioneering the implementation of China's first negative list for service trade management, which restricts access to sectors explicitly listed. More pilot regions will follow suit to expand openness in the service sector, which will help China transition from the positive list approach to the negative list approach for service trade and improve its competitiveness.

Zhang Jianping, deputy director of the Academic Committee of the Chinese Academy of International Trade and Economic Cooperation, Ministry of Commerce

Opening-up and cooperation have been the distinguished features of development through a Chinese path to modernization. With the Belt and Road Initiative, China has established cooperation platforms with more than 150 countries, and the surrounding regions boast enormous potential and opportunities for further cooperation. For instance, the potential for cooperation between China and the Association of Southeast Asian Nations is enormous in emerging industries such as the digital economy, green economy, information communication and artificial intelligence.

Wu Hailong, president of the China Public Diplomacy Association

Standing at the crossroads of the global economy, China has made it clear that it will build a high-level socialist market economy to stimulate market vitality and unleash the immense potential of medium- and long-term economic growth. If China makes major breakthroughs in the structural transformation and upgrading of its industrial structure, consumption structure and urban-rural structure, it will be well positioned to achieve an average annual economic growth of around 5 percent over the next decade.

Chi Fulin, president of China Institute for Reform and Development

A crucial part of financial reform is to build an effective system and mechanism for supporting the real economy, which also includes how to create effective incentive and constraint mechanisms to better serve the real economy. We still face severe challenges such as the real estate sector woes and risks associated with local government debt and small and medium-sized financial institutions. So we need to further improve our financial regulatory system to effectively control risks, especially preventing risks and shocks from escalating into systemic financial risks.

He Dexu, director of the National Academy of Economic Strategy, which is part of the Chinese Academy of Social Sciences

I believe one important outcome of the third plenary session of the 20th Central Committee of the Communist Party of China is the construction of integrated urban and rural development, specifically the equalization of basic public services. Meanwhile, the current difficulties in the real estate market are acknowledged; the government is taking measures to stabilize and stop declines, addressing unfinished housing projects and improving affordable housing to solve migrant workers' housing problems, and that will also help facilitate family reunification and promote consumption.

Cao Yuanzheng, former chief economist at the Bank of China