High-quality opening-up focuses on institutional opening-up based on rules, regulations, management and standards. We strive to build a new system of an open economy at a higher level by integrating high standards of international economic and trade rules, and form institutions, systems and regulatory models in line with prevailing international rules. We promote reform, development and innovation through opening-up. Promote our economic development to achieve dynamic, efficient, and quality reform.
High-quality opening up provides a driving force for reform in building a high-standard market economy. Through the reform of rules behind the border, we will establish the fundamental position of competitive policies and build a market-based, law-based and international business environment featuring fair competition, orderly regulation and active innovation. This will stimulate the vitality of various market entities and constantly improve the socialist market economy. Improving government effectiveness by learning from the successful experience and model of international market economy governance is conducive to promoting the modernization of national governance system and capacity. By deepening the marketization reform of state-owned enterprises and promoting state-owned enterprises to become better and stronger by standard international economic and trade rules, this will help form a new advantage of our country to participate in international competition. Through the docking of international digital governance rules and constantly improving the digital governance system, we can improve the international competitiveness of our digital economy.
A high level of opening-up provides a stable and secure supply chain for building a new development pattern. Our economy has been deeply integrated into the innovation chain system of global industrial chain supply chain. To construct a new development pattern with domestic great cycle as the main body and domestic and international double cycle promoting each other should be carried out under the condition of opening up, which is essentially different from the internal cycle mode before reform and opening up. To this end, on the one hand, we should build a national unified large market and form a major economic development model of internal circulation. On the other hand, it is necessary to build a large foreign market seamlessly connected with the domestic market to ensure the overall security of the industrial chain and supply chain system. Institutional opening-up will achieve a high degree of trade and investment liberalization, and enhance the level of factor flow opening-up through the connection of rules. It will organically connect the two markets, match the two kinds of resources, and break through the blocking point of internal and external circulation. In particular, it will meet the supply of goods and factors that are not available in China, and build a high-quality external circulation system to empower the internal circulation. Thus extending the industrial chain, stabilizing the supply chain, strengthening the innovation chain, and improving the division of labor in our value chain.
A high level of opening-up provides a global supply of high-quality factors for independent innovation. Innovation is the primary driving force for high-quality development. Institutional openness is conducive to further creating a sound innovation ecology that respects talents and intellectual property rights. It can make better use of global talent, technology, knowledge, data, capital and other innovation factors and technological achievements, introduce new technologies, new business forms, new models and new management methods of transnational corporations, exert its spillover effect, and enhance the capacity for independent innovation. Talent is the core element of innovation, and overseas leaders are the key factor to promote global technology transfer. The system of attracting talents through innovation will create a good environment for China to attract global talents on a large scale.