Further deepening reform and opening-up to build Chinese modernization, which was stressed by the third plenary session of the 20th Communist Party of China Central Committee, will create more opportunities of joint development for the rest of the world and offer valuable experiences, according to analysts.
The session in Beijing from Monday to Thursday adopted a resolution on further deepening reform comprehensively to advance Chinese modernization.
"The thorough and scientific resolution coming out of the latest plenum showed that once again China's process of reform and opening-up is constant," said Stephen Perry, honorary president of The 48 Group Club, a London-based nonprofit organization.
Charles Onunaiju, director of the Centre for China Studies in Abuja, Nigeria, said the further reform will maintain the momentum of China's economic growth for high-quality development and is a boon to global recovery, where it is commonly understood that China is playing and will continue to play a pivotal role and offer opportunities for others.
Describing opening-up as a "defining feature of Chinese modernization", the communique said that the Party will steadily expand institutional opening-up, deepen foreign trade structural reform, and refine the mechanisms for high-quality cooperation under the Belt and Road Initiative.
Perry said that facing growing protectionism in the external environment, "the emphasis on opening-up in the resolution means that China will continue to modernize and do business with those people who want to do business with them".
"China's leaders know where they're going, and where they're going to work best. China is now doing this by creating a modern society, new innovative sciences, and other things beyond the achievement of any other country. At the end of it, it's to create a world where everybody can sit at the table together," Perry said.
Henry Chan, a visiting distinguished senior fellow at the Cambodian Center for Regional Studies, told China Daily, "Reaffirming the commitment to stay open under the current less-than-benign international geopolitical environment highlights the Chinese realization of the value of opening-up."
Mher Sahakyan, founder and director of the China-Eurasia Council for Political and Strategic Research in Armenia, said considering China's experience, Asian countries can pay more attention to developing transport infrastructure and linking to global supply chains, and developing their universities and high-technology production capabilities.
(Source: China Daily)