Further opening-up way forward

By integrating itself into the global economy, China has realized leapfrog development over the past nearly four decades since the reform and opening-up policy was launched. This may explain why President Xi Jinping reiterated China's adherence to opening-up as a basic State policy at the recent Asia-Pacific Economic Cooperation CEO meeting.

China will not slow its opening-up and will have an even larger market and even more comprehensive development over the next 15 years, Xi said, adding that the country will start a new journey toward building a higher-standard and more open economy.

History shows that opening-up is a viable way for China to promote further domestic reforms and sustainable economic development, and also an important means to achieve new progress in China's modernization drive.