Promoting the development of China's open economics

Abstract

Since China joined the World Trade Organization, China's foreign trade has developed rapidly, driving the rapid growth of the national economy, significantly improving people's income levels, with per capita income exceeding US$10,000, and eliminating absolute poverty. Two main factors have promoted the realization of the above goals. One is reform, the continuous improvement of the socialist market economic system with Chinese characteristics. The second is openness, especially joining the World Trade Organization, which has provided a broad and relatively free international market for the hardworking and courageous Chinese people. The mutual promotion of the two has consolidated the socialist market economic system with Chinese characteristics and strengthened the determination to continuously deepen reform and opening up. In the future, for quite some time, adhering to reform and opening up and improving the level of China's institutional opening up will be the inevitable choice for the sustainable development of China's economy.