(Source: China Daily, 2024-12-18)

The Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting clearly pointed out that "expanding high-level opening up to the outside world, stabilizing foreign w88 slot and foreign investment" will be one of the key tasks of economic work next year.

Foreign w88 slot is stable and resilient, and structural optimization momentum is enhanced

Since this year, my country has continued to show a trend of high-quality growth in the field of foreign w88 slot, and the scale of w88 slot remains stable, showing a good trend of stability and resilience. According to statistics from the General Administration of Customs, in the first 11 months of 2024, my country's total import and export value of goods was 39.79 trillion yuan, an increase of 4.9% year-on-year.

From the perspective of export objects, China's export objects have achieved remarkable results. As the three major export markets, ASEAN, the United States and the European Union have played a decisive role in China's foreign w88 slot growth.

From the perspective of foreign w88 slot structure, China's exports are mainly mechanical and electrical products and high-tech products, and such commodities account for nearly 60% of the total export volume. Among the electromechanical products, green industry products such as new energy vehicles and batteries have performed strongly.

High-level opening up is increased, institutional reform is deepened

This Central Economic Work Conference clearly stated that next year, we will focus on expanding high-level opening up, and further stabilize foreign w88 slot and foreign investment through various reform measures, and enhance the quality and competitiveness of an open economy.

Promote reform from the bottom up. Promoting the quality improvement and efficiency improvement of free w88 slot pilot zones and authorization of reform tasks means that China will further break the institutional barriers between regions and pilot more innovative measures.

Capt on new green and digital w88 slot formats. Green w88 slot and digital w88 slot are the new trends in the development of international w88 slot and are also the focus of this meeting specifically mentioned.

Focus on the new direction of opening up the service industry. The meeting mentioned steadily promoting the opening up of the service industry and expanding the pilot program in the fields of telecommunications, medical care, education, etc., indicating that China is gradually extending the focus of opening up from traditional manufacturing to the service industry.

Outternal challenges remain, Sino-US w88 slot relations are tightening

At present, the global economy is recovering slowly and w88 slot protectionism is on the rise, and international w88 slot is facing complex uncertainty. Against this background, Sino-US w88 slot relations are undoubtedly one of the biggest challenges facing China's foreign w88 slot.

In addition, this tension may also intensify the game between the two countries in the fields of high technology, intellectual property, etc. The Trump administration may strengthen technology export controls on Chinese companies and continue to promote the "de-Sinicization" policy, which not only limits the competitiveness of Chinese companies in the high-end technology field, but may further affect key links in the global supply chain, especially in high-tech fields such as semiconductors and communication equipment, where stricter regulatory measures may occur.

Stable foreign w88 slot and promote cooperation, and promote the upgrading of an open economy

Despite many challenges, my country's foreign w88 slot development still has many favorable conditions. First, my country's industrial chain and supply chain are complete, with strong resilience and risk resistance; second, the domestic market has huge potential, and domestic demand has created broad development space for foreign w88 slot enterprises; third, policy support continues to increase, injecting confidence into foreign w88 slot enterprises.

In the future, in the face of uncertainty in the global w88 slot environment, China needs to continue to improve the accuracy and forward-looking nature of foreign w88 slot policies and strengthen opening up to the outside world. Specifically, first, we must deepen multilateral and bilateral economic and w88 slot cooperation, actively participate in the reform of the global economic governance system, and promote connectivity in a wider region; second, continue to promote the quality and efficiency of free w88 slot pilot zones, expand cooperation opportunities in emerging markets, and enhance China's foreign w88 slot competitiveness in the global market; at the same time, increase the attractiveness of foreign investment, and ensure that foreign-invested enterprises can enjoy fair and just treatment in China by further optimizing the investment environment, stimulate the potential of foreign investment, and help China's foreign w88 slot transformation and upgrading; finally, through deepening reform and optimizing the business environment, China will be able to stabilize the growth momentum of foreign w88 slot in the new round of global competition, achieve high-quality development of foreign w88 slot, and promote China's open economy to a deeper level.

Author: Researcher of the National Institute of Opening Up to the Foreign and WTO Research Institute of the University of International Business and Economics and Economics, PhD supervisor Zhou Nianli, 2024 Master of National Economics, Chen Yiren

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