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China reaffirms opening-up policy

BEIJING: The Chinese government reiterated its policy of “sticking to reform and opening-up and grasping developing opportunities” in its just-released government work report.

The reiteration showcases China’s opening strategy of mutual benefits and its determination for growth.

The statement sent a positive signal to the world as the global financial crisis is biting hard and the economic downturn is sweeping from country to country.

Since adoption of the reform and opening-up policy some three decades ago, China has been playing an active role in world trade and enjoying the fruit of globalisation.

At the same time, China has been making increasingly important contributions to the world’s economic growth.

The past 30 years of reform has brought China from the world’s periphery to centre stage, said the U.S. magazine Businessweek. Especially during the past two years, China has contributed more in absolute value to world economic growth than any other country. Even amid the current tough economic situation, China remains one of the few major economies that is still maintaining relatively rapid growth, it said.

Sharing achievements and jointly bearing responsibilities has long been one of China’s basic principles in international economic activities. While the financial crisis fuelled protectionism and hurt the Chinese economy as well, China unswervingly adhered to the principle of free trade and open markets.

The promise of opening-up was mentioned many times at the “two sessions,” the Second Session of the 11th National People’s Congress (NPC) and the Second Session of the 11th National Committee of the Chinese People’s Political Consultative Conference (CPPCC).

China did not stop at words. Shortly after Premier Wen Jiabao’s “trip of confidence” to Europe earlier this year, a Chinese trade delegation was dispatched to carry out large-scale government procurement with Europe.

The moves highlighted China’s stance of being united with other countries and demonstrated its strong sense of responsibility as an important participant in international trade. — Xinhua

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