"Reform and opening up is a key move that will determine the fate of contemporary China, as well as the realization of the 'two centenary goals' and the great rejuvenation of the Chinese nation."

"No matter what changes may take place in the world, China's confidence and will in reform and opening-up will never be shaken."

The main tasks of the three-year reform of state-owned enterprises were basically fulfilled, and the operating revenue of central enterprises reached 19.2 trillion yuan, up 12% year on year. Both foreign trade and foreign investment maintained a steady and sound development trend, of which the total value of foreign trade and import reached 19.8 trillion yuan, up 9.4% year on year; Foreign investment actually utilized was 723.31 billion yuan, up 17.4% on a comparable basis.

On July 28, the Political Bureau of the CPC Central Committee held a meeting and pointed out that "reform and opening up should be used as the driving force for economic development." "We will continue to implement the three-year action plan for SOE reform." "We should actively promote exports and imports, do a good job in introducing technology and foreign investment, and promote high-quality development of the Belt and Road Initiative."

At present, the world is experiencing a century of changes and a century of COVID-19. Global economic recovery is fragile and weak, and the world has entered a new period of turbulence and change. At the same time, the fundamentals of the Chinese economy, with its strong resilience, strong potential, wide room for manoeuvre and long-term improvement, will not change. The more complex the environment, the more we need to deepen reform and opening up with stronger confidence and more effective measures to add more impetus and make greater contribution to high-quality development.

We will continue to deepen the reform of state-owned enterprises

Reform and opening up is the most remarkable feature and magnificent feature of contemporary China.

Shenzhou No. 13 returned successfully, Shenzhou No. 14 visited Tianhe River again, Unit 1 of Guohe No. 1 demonstration power Station completed the installation of the first main pump, and major innovative achievements continued to emerge... In the first half of this year, central enterprises overcame difficulties and overcame difficulties. Their operating revenue, total profit and net profit grew by 12%, 7.1% and 6.1% respectively, and their investment in fixed assets (excluding real estate) grew by 6.7% year-on-year. The quality of their operations continued to improve, providing strong support for the national economy.

This year marks the end of the three-year campaign to reform state-owned enterprises. State assets and soes have identified key tasks and deepened reform. The construction of the modern enterprise system with Chinese characteristics has deepened, positive progress has been made in restructuring and integration, market-oriented reform has continued to take effect, performance appraisal has been carried out across the board, and the "demonstration action of scientific reform" has been enriched and expanded... By the end of June, more than 95 percent of tasks and measures had been completed at both the central enterprises and local governments, and the main tasks of the three-year action had basically been completed.

"In the next phase, we will conduct a comprehensive review of the implementation of reform tasks, take more precise and effective measures to address areas of weakness, prioritize key reform tasks such as market-based mechanisms, and re-evaluate and re-test the effectiveness of reform to ensure that the quality of reform is both superior." State-owned Assets Supervision and Administration Commission secretary General Peng Huagang said.

-- Improving the distribution of state capital. China Mineral Resources Group Co., LTD was established. National Pipe Network Group, China Baowu, Anshan Iron and Steel, Poly Group accelerated business integration and integration after restructuring. Resources integration in medical care, inspection and testing and other fields was accelerated... In the first half of this year, the strategic reorganization and professional integration of central enterprises made steady progress, and the completion rate of the divestiture of "two non" (non-main business, non-advantage) businesses reached 96%.

"The State-owned Assets Supervision and Administration Commission (SASAC) will further promote the layout and structural adjustment of the state-owned economy, effectively solve problems such as homogeneous competition and repetitive construction among central enterprises, and realize a more focused focus on the main responsibilities and main industries and a clearer industrial structure." "Peng Huagang said.

-- Enhancing technological innovation capacity. As a state-owned capital investment company, China Development and Investment Group Co., Ltd. has accelerated the cultivation of strategic emerging industries through private equity investment this year. In the first half of the year, SDIC's fund management companies added 10.9 billion yuan of investment projects, mainly focusing on high-end equipment and intelligent manufacturing, information technology, new energy vehicles and parts, medicine and medical treatment, new materials and other fields.

"In the second half of the year, SDIC will be in accordance with the functional positioning requirements of state-owned capital investment companies, systematically comb the business, adjust and optimize the structure, constantly improve the intensity of R&D investment, and strengthen the investment and cultivation of 'specialized, fine, special and new' enterprises." Fu Gangfeng, chairman of the State Development and Investment Group, said.

-- Stimulating the internal impetus of enterprises. In the first half of this year, China Minmetals achieved another record high operating performance, with year-on-year growth in operating revenue and continuous improvement in operational quality and efficiency. "In key links such as target determination and result verification, China Minmetals will accelerate the construction of the 'progress index' assessment system, which is conducive to both distribution and incentive, and better play the role of assessment baton, weather vane and booster, so as to build a world-class metal mining enterprise group." Weng Zuliang, chairman of China Minmetals Group Co. LTD.

Peng Huagang said that State-owned Assets Supervision and Administration Commission of the State Council will be in accordance with the locked focus, pay close attention to the end, the layout of the requirements, go all out to play a good quality of the end, while seriously summarize the relevant results, continue to deepen the reform of state-owned enterprises

We will build a new system for an open economy at a higher level

Standing at a new historical starting point, China will only open its door even wider.

Merck, the world's leading technology company, announced on May 31 that it has officially signed a contract to establish its advanced semiconductor integration base in Zhangjiagang, Jiangsu province. Merck said it will invest at least 1 billion yuan in its electronics business in China by 2025, with the new investment focused on chip manufacturing.

"China is one of the most important markets for us. China regards the development of digital economy as a strategic choice to seize the new opportunities of the new round of scientific and technological revolution and industrial transformation, which will also lay a solid foundation for the new generation of digital infrastructure in China in the future." "Said Michael Bier, executive board member and CEO of Merck's electronics business.

Since the reform and opening up, China's overall national strength has greatly increased, factor endowments, industrial structure, and level of scientific and technological innovation have significantly increased, and the competitiveness of the open economy has significantly increased. "We must continue to promote reform, development and innovation through opening up, build new systems for an open economy at a higher level, and promote changes in the driving force, efficiency and quality of our economic development." China Center for International Economic Exchanges scientific research information deputy minister Wang Xiaohong said.

Relax market access and open more areas--

"China has done what it said it would do to open up wider." BMW Group official said that this year, China began to implement a new version of the "Special Management Measures for Foreign Investment Access (negative list)", the removal of foreign ownership restrictions in passenger car manufacturing. In the first half of this year, the BMW Brilliance production base upgrade project (Rida Factory) with a total investment of over 10 billion yuan was officially opened. BMW Group is full of confidence in the Chinese market.

"High-level opening-up provides a stable and secure supply chain guarantee for building a new development pattern." An official of CCPIT said that in the next step, CCPIT will give full play to its function of connecting government and enterprises, connecting internal and external affairs, and connecting supply and demand, fully understand and accurately the demands of foreign enterprises and actively promote solutions, hold a series of dialogues between government and enterprises, promote the optimization of the business environment, and make China always a fertile land for foreign investment.

Improve the open platform, create open highland --

June 21, the 5th CIIE signing ceremony was held. Up to now, the contracted area of the enterprise exhibition has exceeded 76% of the planned area, and 260 of the world's top 500 enterprises and leading enterprises in the industry have signed contracts. "This year, Boehringer Ingelheim will participate in the CIIE for the fourth consecutive year. We are actively preparing and hope to bring more excellent products to the 5th CIIE." "Said Gao Qifei, global senior vice president of German pharmaceutical company Bollinger Ingelheim.

Service Trade Fair, Canton Fair, CIIE... As an important platform for China to open up to the outside world, this series of exhibitions demonstrates China's sincerity in opening up its market and sharing opportunities with the world. The Ministry of Commerce international trade and economic cooperation research institute Gu Xueming advice, cooperation should be based on all kinds of exhibition platform and free trade area, the free trade port, such as opening up to the highlands, actively develop cross-border electricity, market procurement, offshore trade, such as new model for new forms of foreign trade, promote system innovation to speed up the replication, for deepening the reform and opening up in China to accumulate more experience.

Improving the business environment and promoting openness--

In the first half of this year, Citibank was approved to participate in the pilot reform of foreign exchange management for high-level opening of cross-border trade and investment in Lingang New Area of Shanghai Pilot Free Trade Zone. It is the only foreign bank among the first four approved. With the opening up of the financial industry into a new stage, China has basically established the management system of pre-foreign investment national treatment and negative list, and the two-way open financial system is accelerating the formation.

"We will improve policies and institutions centered on trade and investment liberalization and facilitation, continue to ease market access, and further open up manufacturing, services and agriculture." Gu suggested more convenient measures in customs clearance, licensing and quarantine for trade in goods, and expediting the introduction of a national version of the negative list for cross-border trade in services. We will encourage the development of banking, securities, insurance and other financial institutions and enhance cross-border financial facilitation.

We will build new advantages in international cooperation and competition

The long river of history will always rush forward, and the historical trend of open development will not change.

Indonesia's Jakarta-Bandung high-speed railway has officially started laying ballast tracks as the first 500-meter-long rail was pulled out from the transport train, marking that the construction of the Jakarta-Bandung high-speed railway has fully shifted to the online construction stage.

As a landmark project of the Belt and Road Initiative and practical cooperation between China and Indonesia, the Jakarta-Bandung high-speed railway is the first time that China's high-speed railway system, all factors and all industrial chains have been launched overseas. When completed, the travel time between Jakarta and Bandung will be reduced from more than three hours now to 40 minutes.

A century of changes in the world and a century of COVID-19 are intertwined. Emerging markets and developing countries are more determined to strengthen their solidarity and strength. We should continue to deepen reform and opening up, make economic globalization more open, inclusive, balanced and beneficial to all, foster a sound external development environment, and create new advantages in international cooperation and competition.

-- Promote the optimization and upgrading of trade and investment cooperation with Belt and Road countries, and expand two-way trade and investment.

In the first half of this year, China's trade volume in goods with countries along the Belt and Road reached 6.3 trillion yuan, up 17.8 percent year on year, accounting for 31.9 percent of the total. Non-financial direct investment in B&R countries reached 65.03 billion yuan, up 4.9 percent and accounting for 18.5 percent of the total. During the same period, actual investment from B&R countries in China reached 45.25 billion yuan, up 10.6 percent.

"Take high-quality Belt and Road cooperation as a guide to expand new space in the international market." Wang said that we should uphold the principle of extensive consultation, joint contribution and shared benefits to promote the steady and long-term development of the Belt and Road, build a closer and broader community of shared interests and expand our circle of friends. We will strengthen the construction of new land-sea routes in the western region and China-Europe freight trains, and build a major trade corridor in the central and western regions for the Belt and Road Initiative.

-- Actively participating in the reform and development of the global governance system and building a network of high-standard free trade areas.

Recently, at the Customs Visa window of RCEP Shandong Enterprise Service Center, Shandong Zhongdi Import and Export Co., Ltd. has applied for an RCEP Certificate of Origin for a batch of textiles exported to Japan. With this certificate, the import duty on goods in Japan can be reduced from 5.3% to 4.3%. According to relevant data, from January to June this year, Chinese export enterprises applied for 266,000 RCEP certificates of origin and issued statements of origin, with a value of 97.9 billion yuan, and could enjoy tariff reductions of 710 million yuan from importing countries.

An official of the General Administration of Customs said that it will guide enterprises that meet relevant requirements to actively apply for the approved exporter qualification, strengthen enterprise training and policy guidance, help more enterprises to master the RCEP tariff reduction arrangement and rules of origin, and guide enterprises to make full use of the policy dividend.

Through thousands of mountains and rivers, but still need to wade mountains and rivers.

Source: State-owned Assets Supervision and Administration Commission of the State Council