Beijing, Nov. 3 (Xinhua) - Chinese President, Xi Jinping, has led the country in its efforts unswervingly opening highest level in a world increasingly complex in which economic globalization is facing headwinds with a threat that hangs over multilateralism and free trade .

"China has made an important decision to pursue a new round of high opening level, a major new initiative to further expand access to the market for the rest of the world," he said Xi in his keynote address at the first Expo China International import in 2018

Two years later, the country has made great progress in exploring new levels of openness , fostering an environment of world-class business and promoting international cooperation, among others

. INSTITUTIONAL OPENNESS

In contrast to the basic opening of raw materials and market factors, China is now seeking establi. Sh a new round opening with institutional and systemic opening

The country is committed to promoting a new development model where domestic and foreign markets can increase each other with the domestic market as the mainstay

. under this new model of development, China will strive to improve resource allocation, seek coordinated regional development, and open the economy further.

to the unleash the potential of the domestic market, both domestic and foreign markets can be better connected and used to achieve sound and sustainable development, Xi said in a . Symposium entrepreneurs in July, adding that what the domestic market the pillar does not mean that China is developing its economy with its doors closed

China must create a market-oriented the law-based international business and the environment; apply the negative list of market access and foreign investment law; expand access to the market, and facilitate trade and investment, said Xi

. In the pursuit of high-level opening up, China launched a master plan in early June in the construction of the southern island of Hainan at a port of influential free trade globally, and later opened three new free pilot trade zones (FTZ) in Beijing, Hunan and Anhui in September, bringing the total number of zones to 21.

Speaking at a meeting to celebrate the 40th anniversary of the establishment of the special economic Zone Shenzhen (SEZ) in October, Xi encouraged SEZs of China to advance reform and opening up a higher starting point and welcomed foreign countries to participate more in reform, the opening and development of SEZs

. closer relations with the world

Noting that the international community has concerns about the prospect of economic globalization, said Xi in Au gust economic connectivity and exchanges remain a requirement target for global economic development

. He said that China will provide more extensive market opportunities for other countries <. p style = "margin:. 0px 3px 15px"> concrete steps Meanwhile, China has taken for the world to participate in its development

A series of limits foreign investment in China's financial market was scraped off in April and May, while the negative list for foreign investment has been reduced again to reduce the number of sectors that are off limits to foreign investors

representing 0.7 percent expansion annually during the first nine months, China is the first major economy to grow again after the fall of the economy epidemic COVID-19.

foreign trade in goods of the country amounted to 23.

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Xi Focus: Xi leads China in efforts to pursue higher-level opening up

Beijing, Nov. 3 (Xinhua) - Chinese President, Xi Jinping, has led the country in its efforts unswervingly opening highest level in a world increasing

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