Jin Guanping: Providing strong support for high-level opening-up to the outside world

Currently, the world's century long changes are accelerating, the international situation is intertwined with turmoil, and global economic growth is weak. In this context, "uncertainty" has become a high-frequency term adopted by many economies. In sharp contrast, for the Chinese economy, a certain factor is becoming increasingly clear and crucial - its inherent and growing advantage in the super large market. This advantage is becoming a solid foundation and strong support for China to promote high-level opening-up with a more confident attitude.

The connotation of a super large market goes far beyond the consumption potential of over 1.4 billion people. It is an organic system composed of the world's most complete industrial system, a well connected modern infrastructure network, and especially the middle-income group that ranks among the world's top in scale and continues to upgrade. Nowadays, this market presents more distinct characteristics: digital consumption has become the norm, the demand for high-quality goods, services, and personalized experiences has become mainstream, and the intelligent and green transformation of industrial and supply chains is accelerating. It is precisely this unique advantage of both quantity and quality that gives China greater confidence and initiative in opening up to the outside world at a high level.

The current focus on ultra large scale markets means that their efficiency needs to be fully unleashed through higher-level opening up to the outside world, and they themselves are a bright background for attracting high-quality global factors and participating in international rule making. This is a systematic thinking of internal and external linkage, aimed at transforming the connotation of China's large market into the advantage of institutional openness.

This reliance is first reflected in the upgrading of attractiveness. The huge market capacity and clear upgrading trend mean huge expected investment returns. This gives China the ability and confidence to implement broader and deeper opening-up in modern service industries such as finance, telecommunications, and healthcare. In recent years, the negative list of foreign capital access has continued to shrink, and the business environment has continued to optimize. Behind this is the confidence of "wutong trees in every home attract Phoenix". Multinational corporations bring not only capital, but also advanced technology, management experience, and competitive vitality. These elements collide and integrate in the super large scale market, ultimately promoting the overall upgrading of Chinese industries and injecting valuable certainty into the world economy.

Secondly, the super large market has enhanced China's voice in global economic governance. When a country's market size reaches a certain level, the influence of its technical standards, quality specifications, and data governance models will increase accordingly. According to relevant research institutions, China's development momentum in emerging fields such as digital economy and green industry is strong, and it is transforming from a passive recipient of international rules to an active participant and co maker. This discourse power is not for exclusive benefit, but to promote the establishment of a more inclusive and fair new international economic order on the basis of equality and mutual benefit, so that globalization can benefit a wider range of groups.

More importantly, the super large scale market constitutes a new hub for China's interaction with the world economy. When facing storms in the external environment, the huge market size can provide valuable buffer space for multinational enterprises rooted in China, enhancing the resilience of the global supply chain. At the same time, through a series of open cooperation platforms such as the China International Import Expo, China is building a global hub for innovative products and a testing ground for future consumer trends. This makes China not only the world's factory, but also evolving towards the global market and innovation hub.

Relying on the super large scale market to promote high-level opening up to the outside world also puts forward higher requirements for internal reforms. Breaking through the bottlenecks in the domestic circulation, removing local protection and industry barriers, building a high standard market system, and strengthening intellectual property protection are all prerequisites for smoothly transforming the advantages of a super large market into advantages in opening up to the outside world.

Looking ahead to the 15th Five Year Plan, the super large scale market will be the strongest link for deep interaction and win-win cooperation between China and the world economy. It means that high-level opening up to the outside world will be more confident and composed, deepening from factor flow based opening to institutional opening such as rules, regulations, management, and standards. When China takes the initiative to make its own "living room" more spacious, bright, and open its doors, it not only welcomes guests from all directions, but also a future of shared opportunities and prosperous coexistence. (Author: Jin Guanping)