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More Opening up, More Opportunities

Source: Science and Technology Daily | 2025-03-17 10:41:47 | Author: LIANG Yilian

This year's Government Work Report calls for promoting high-quality development, expanding high-level opening up, and stabilizing foreign trade and investment. China will further open its doors, creating more opportunities for foreign enterprises and trade participants.

Strengthening foreign trade stability

The report outlines key measures to stabilize foreign trade, including "bolstering policies," "cultivating new growth drivers, such as green trade and digital trade," and "supporting localities where conditions permit to develop new types of offshore trade."

Expanding trade volume remains a policy priority. "Despite external challenges, China remains committed to innovative approaches in expanding foreign trade," said Sang Baichuan, dean of the Institute of International Economy at the University of International Business and Economics in Beijing.

For the first time, the report includes "developing new types of offshore trade." According to Sang, this initiative will help companies lower information costs, streamline transactions and benefit from tax incentives, reducing trade risks.

Expanding market access for foreign investment

To attract and stabilize foreign investment, the report proposes several measures, such as "vigorously encouraging foreign investment," "promoting comprehensive trials and demonstrations for expanding opening up the service sector" and providing "better services and support for foreign investors."

"This fully demonstrates China's commitment to high-quality development and provides global enterprises with broader growth opportunities," said Chen Kai, chairman of EY China and CEO of EY Greater China. He highlighted China's strong industrial and supply chain advantages, as well as its continuous innovation in new energy, digital economy, and high-end manufacturing, which provide vast collaboration prospects for foreign businesses.

China will further refine its policies by easing market access, expanding investment opportunities, and strengthening support for foreign enterprises.

Boosting university development through global cooperation

The report also calls for "expanding trials to open sectors such as telecommunications, medical services, and education."

Such initiatives will introduce international expertise in China's western regions, improve higher education, and create broader development platforms, according to Hong Yun, director of the international exchange and cooperation office at Guizhou University.

In recent years, Guizhou University has been focusing on global technology cooperation, ASEAN Education Exchange programs, and regional research think tanks, shaping its international education strategy. As China expands its educational openness, the university aims to establish more global partnerships, explore diverse Sino-foreign education models, and enhance talent exchange and training for mutual benefit.

China's continued commitment to high-level opening up reflects its determination to foster a more stable and dynamic economic environment. By strengthening foreign trade policies, expanding market access for foreign investment, and enhancing international cooperation in education it is creating new opportunities for global businesses and institutions while reinforcing its role in the global economy.

Editor:LIANG Yilian

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