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China to shift opening-up emphasis on high quality: Vice Premier

Tourists visit the Bund during the Lunar New Year holiday in east China’s Shanghai, Feb. 14, 2021. (Xinhua/Zhang Jiansong)

China will continue promoting reform and opening-up in an unswerving way to achieve high-quality development, Chinese Vice Premier Liu He said in an article published in the People’s Daily on Wednesday.

China’s commitment to opening-up will not change today or into the future. It is necessary to promote the transformation from flow-oriented opening-up of commodities and factors, to rules and other institutional opening-up, to accelerate the establishment of an institutional system and regulatory model that are in line with internationally accepted rules.

Participation in market competition across developed economies and the introduction of high-tech and high-quality direct investment from developed economies should be viewed as an important aspect for improving the level of domestic opening-up, the Vice Premier wrote. Meanwhile, the development of the Belt and…

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