Continuous opening-up benefits Asia-Pacific region and the world

A recent guideline document adopted by the State Council vowed greater efforts to promote the steady growth of foreign trade to provide strong support for sustained economic recovery.

Although China's foreign trade has maintained overall steady development, the current international economic situation remains complex, engendering many uncertainties for China's foreign trade and exerting pressures on its exports in the future.

The document is designed to provide all-round support to foreign trade enterprises, including measures to offer financial support, promote the development of cross-border e-commerce, facilitate cross-border trade, and increase customs clearance convenience. These measures will further tap the potential of China's foreign trade through institutional reforms, strengthen new forms of business and ensure the sector is on a sound footing for long-term development.

Despite rising protectionism, China's exports have maintained high growth and consolidated the country's advantages by establishing a more resilient supply chain system and sharpening its global competitiveness.

As a member of the Asia-Pacific Economic Cooperation, China's opening-up has made it grow from being an early participant to a major player of APEC.

The development of China and the Asia-Pacific is based on openness, inclusiveness, and learning from each other, rather than confrontation, beggar-thy-neighbor policies and "a small yard and high fence" approach. This is why the Asia-Pacific has become the most dynamic region, contributing 70 percent to the world's economic growth.

China's development benefits from the Asia-Pacific, and will benefit the Asia-Pacific. China has never stopped opening-up to the Asia-Pacific and the regions beyond, and will never stop.