Huang, head of the Chinese Academy of Macroeconomic Research, made the remarks during the latest episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency.<\/p>\n
The Thursday launch marks a major milestone in the opening-up drive of the world’s second-largest economy. This move sends a tangible message to the world: China has made a significant decision to open up further, Huang said.<\/p>\n
It also aims to set a benchmark for higher-level opening-up, inject new momentum into upholding multilateralism and free trade, and foster inclusive and universally beneficial economic globalization, according to Huang.<\/p>\n
“It is a strategic move to align with high-standard international economic and trade rules and steadily expand institutional opening-up,” Huang noted. “This provides an important platform for China to better adapt to and utilize international economic and trade rules while actively participating in their formulation.”<\/p>\n
Huang believes that China’s economy has transitioned from rapid growth to high-quality development and is now at a critical stage of transforming growth model, optimizing economic structure, and shifting growth drivers.<\/p>\n
As a key testing ground for reform in China, Hainan shoulders the important mission of paving new paths and accumulating fresh experience for building a high-standard socialist market economy, particularly in key areas such as trade and investment, fiscal and financial systems, and government regulation, Huang added.<\/p>\n","protected":false},"excerpt":{"rendered":"
The launch of island-wide special customs operations of Hainan Free Trade Port (FTP) represents China’s clear-cut stance against protectionism and a major step toward promoting economic globalization, said Huang Hanquan, a Chinese economist.<\/p>\n","protected":false},"author":62,"featured_media":2000099334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[101],"byline":[235],"hashtag":[],"class_list":["post-56566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-internationl","byline-xinhua"],"bylines":[{"id":235,"name":"Xinhua","slug":"xinhua","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":80}],"contributors":[{"id":235,"name":"Xinhua","slug":"xinhua","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":80}],"featured_image":{"id":2000099334,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/20251217b8b53495e2564465bc2f4c297de89a23_xxjwshe000017_20251217_cbmfn0a001-2.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/20251217b8b53495e2564465bc2f4c297de89a23_xxjwshe000017_20251217_cbmfn0a001-2.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/20251217b8b53495e2564465bc2f4c297de89a23_xxjwshe000017_20251217_cbmfn0a001-2.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/20251217b8b53495e2564465bc2f4c297de89a23_xxjwshe000017_20251217_cbmfn0a001-2.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/20251217b8b53495e2564465bc2f4c297de89a23_xxjwshe000017_20251217_cbmfn0a001-2.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/20251217b8b53495e2564465bc2f4c297de89a23_xxjwshe000017_20251217_cbmfn0a001-2.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/56566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=56566"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/56566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000099334"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=56566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=56566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=56566"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=56566"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=56566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}