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China firmly committed to deepening reform, opening wider: white paper

Updated: Sep 25, 2018 Xinhua Print
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BEIJING — China is firmly committed to deepening reform and widening opening-up, according to a white paper released on Sept 24 by the Information Office of the State Council, titled "The Facts and China's Position on China-US Trade Friction."

"Reform and opening-up are China's basic policies, and provide fundamental driving force for its development," the white paper said.

"China will not reverse its course, but only deepen reform. China will not close its door to the world, but only open wider," the white paper added.

Following the plans made and pace set, China will stay firmly committed to deepening reform and widening opening-up, advancing law-based governance, and building a country of socialist rule of law, according to the white paper.

"The market will play a decisive role in the allocation of resources and the government will play a better role to encourage competition and oppose monopoly," the white paper said.

Like other countries, China has the right to choose its own development path, including the economic model, that suits its national reality, according to the white paper.

"As a developing country, China is not perfect, but it is willing to draw on advanced experience and keep improving its systems, institutions and policies through reform and opening-up," the white paper said.

China will manage its own affairs well, firmly implement an innovation-driven development strategy, accelerate the pace of developing a modernized economy, and pursue economic development with higher quality, the white paper added.

"China is willing to share with other countries the new opportunities presented by its development," the white paper said.

According to the white paper, China will adopt policies to promote trade and investment liberalization and facilitation with higher standards, implement the system of pre-establishment national treatment plus a negative list across the board, significantly ease market access, further open up the service sector, further cut tariffs, build a transparent, efficient and fair business environment, develop an open economy at a higher level, and create a more attractive investment environment.

"In this way, China will share development and prosperity with all countries that aspire to progress," the white paper said.

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