At the annual “Two Sessions” which concluded in March, Chinese lawmakers and political advisors nationwide pooled their wisdom into Chinas modernization drive, and China reaffirmed its decades-long commitment to opening-up.
Anticipating a bullish growth in 2021, the country has set its annual GDP target at over six percent, boosting morale while leaving room for adjusting policies. Chinas integration into the world has illustrated the truth that openness leads to prosperity, while closed doors invite obscurity.
At the starting point of the countrys 14th Five-Year Plan period (2021-2025), Chinas economy has embarked on a new journey with three major driving forces: scientific and technological innovation, the expansion of domestic demand, and reform and opening-up.
China will promote the liberalization and facilitation of trade and investment, and steadily promote the opening-up of financial sectors including banking, securities, insurance, and futures, according to the outline of the new Five-Year Plan adopted at the fourth session of the 13th NPC.