Editorial: Steady Growth Remains Dependent on Reform and Opening up

As the challenges China faces from the outside world grow increasingly volatile, grave and uncertain, the country must continue to deepen reform and expand opening up, just as it has always done. Photo: VCG

The “Two Sessions,” the annual gatherings of the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Congress (NPC), have just wrapped up. Li Keqiang, China’s premier, delivered the Report on the Work of the Government, which read, “In face of new downturn pressure, we will give higher priority to stabilizing economic growth. We should make holistic efforts to maintain stable growth, make structural adjustments and advance reform. We should transform the growth model and reject inefficient development.” The statement is clear. To pursue progress while ensuring stability, the practical macro-control policy does matter. However, in the final analysis, we should continue to deepen reform, transform the growth model and vitalize micro-entities. Meanwhile, we should pursue higher-level and wider opening up and integrate into the international market in a more active and deep manner, with the domestic market as the mainstay.