China
2024.07.23 22:14 GMT+8

China pledges to optimize opening up layout in reform resolution

Updated 2024.07.23 22:14 GMT+8
CGTN

The Yantian port in Shenzhen City, south China's Guangdong Province, June 21, 2024. /CFP

The freight route connecting Qianjiang to Qinzhou through the New International Land-Sea Trade Corridor is inaugurated, southwest China's Chongqing Municipality, February 29, 2024. /CFP

The construction of Hainan Free Trade Port is underway, Haikou City, south China's Hainan Province, June 11, 2024. /CFP

A view of Shenzhen-Zhongshan link in Shenzhen City, south China's Guangdong Province, July 14, 2024. /CFP

China has vowed to optimize the layout for regional opening up, consolidate the leading role of eastern coastal areas and promote further opening up in the central, western and northeastern regions, according to a reform document released after the third plenary session of the 20th Communist Party of China (CPC) Central Committee.

The resolution of the CPC Central Committee on further deepening reform comprehensively to advance Chinese modernization also said China will implement the strategy for upgrading pilot free trade zones and accelerating the development of the Hainan Free Trade Port.

"We will work to consolidate and enhance Hong Kong's status as an international financial, shipping, and trade center, support Hong Kong and Macao in building themselves into international hubs for high-caliber talent, and improve relevant mechanisms to see the two regions playing a greater role in China's opening to the outside world," the resolution said.

The resolution also encourages cooperation between Guangdong, Hong Kong and Macao in the Greater Bay Area by promoting closer alignment of rules and mechanisms.

"We will improve relevant institutions and policies to promote economic and cultural exchanges and cooperation across the Taiwan Strait and advance integrated cross-Strait development," according to the resolution.

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