July 12, 2023

Chinese President Xi Jinping on Tuesday stressed efforts to put in place new systems for a higher-standard open economy and to proactively lift the country's opening-up to a new level, according to the Xinhua News Agency.

Xi made the remarks while presiding over a meeting of the central commission for deepening overall reform. He also stressed that the focus should be put on institutional opening-up and deepening reforms in key areas of global exchanges and cooperation such as investment, trade, finance and innovation.

The meeting pointed out that China's development is facing a complex and difficult international situation at present, while stressing efforts to improve the top design for new systems for a higher-standard open economy, deepen institutional reforms in trade and investment, expand market access and compressively optimize the business environment.

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