SPECIAL COVERAGE >>Reform and opening-up

Bolstered by the ongoing nationwide economic reform, Wenzhou's manufacturing industry now seeks restructuring

Wenzhou's electric appliance sector had been developing rapidly in the wake of China's reform and opening-up policy, which stimulated massive market demand. But as time went by, the sector, like other manufacturing industries in Wenzhou, faced a crossroads, as traditional advantages like cheap labor dwindled and market overproduction weeded out small companies. Experts warn that some Wenzhou merchants don't have innovative mind-sets, which are the only way to preserve local manufacturing glory.
Source: Global Times | 2018/7/18 17:43:39

Wenzhou ex-fugitive shares business journey during China's 40-year economic reform

Merchants from Wenzhou, East China's Zhejiang Province are known for their talents in doing business. Many of them have grasped opportunities created by China's reform and opening-up policy to make ventures. The Global Times recently interviewed Hu Jinlin, a Wenzhou businessman nicknamed the “electric appliance king,” to talk about his business ups and downs during the 40 years of reform and opening-up.
Source: Global Times | 2018/7/16 18:08:40

China's reforms will further boost globalization

In 2018, China celebrates the 40th anniversary of its reform and opening-up. In his keynote speech at the opening ceremony of the annual Boao Forum for Asia Annual Conference in April, President Xi Jinping said China will complete its revision of the negative list on foreign investment in the first half of the year and implement an across-the-board management system based on pre-establishment national treatment and the negative list.
Source: Global Times | 2018/7/2 23:33:40

Fujian-based airline, airport bolster national reform and opening-up

Thanks to China's economic reform and opening-up over the last four decades, more and more people are now able to afford to travel by airplane, especially as travel demand increased and as routes became more internationalized. Global Times reporter Zhang Hongpei recently paid a visit to Xiamen Airlines and Xiamen Gaoqi International Airport, both of which were considered reform pioneers in the 1980s, not only in the Xiamen Special Economic Zone, but also in China's aviation industry at large. This is the last part of a five-part story.
Source: Global Times | 2018/6/28 19:28:40

Taiwan businessmen witness mainland's evolving business environment over 40 years of reform and opening-up

Chen Xiurong, a 50-something Taiwan businesswoman who came to East China's Fujian Province in the late 1990s, has experienced a dramatic shift in the market environment over the years, from needing to pay to take an elevator in a department store to ordering everything through the click of a mobile phone.
Source: Global Times | 2018/6/27 22:33:40

Coastal pilot FTZs in Fujian set to take on bigger role along new Silk Road

Pilot free trade zones (FTZs) have become key agents in promoting and bolstering China's reform and opening-up policy. As the country further deepens its reform and boosts innovation in its coastal FTZs, the China (Fujian) Pilot FTZ is now ready to navigate more toward the routes of the 21st Century Maritime Silk Road, the maritime part of the China-proposed Belt and Road (B&R) initiative. Global Times reporters Li Xuanmin and Zhang Hongpei recently visited to the China (Fujian) Pilot FTZ to investigate how the zone has developed to help implement the initiative and drive further opening-up. This is the fourth part of a five-part story.
Source: Global Times | 2018/6/27 17:13:40

Dare to be a pioneer

The past four decades have seen a drastic shift in China's economic system, from a planned economy to a diversified and vibrant market-oriented economy, a result of the country's reform and opening-up policy that was announced by the central government in 1978. Significant reform of a State-owned enterprise (SOE) in Fuzhou, capital of East China's Fujian Province, has played a vital role in breaking the shackles imposed by a planned economy. Global Times reporter Li Xuanmin recently paid a visit to Fuzhou to interview the initiator of the country's very first SOE reform. This is the third part of a five-part story.
Source: Global Times | 2018/6/26 17:48:39

Xiamen drives China's economic opening-up with first domestic JV bank

The 40th anniversary of China's reform and opening-up is a good time to reflect on the country's economic development. Over the past 40 years, China's southeastern coastal cities have been at the forefront of the nation's economic drive. In particular, the Xiamen Special Economic Zone (SEZ) has witnessed rapid economic development and played the role of a “test ground” after it established the first joint venture bank in China – Xiamen International Bank. Global Times reporter Zhang Hongpei recently paid a visit to the SEZ to investigate the opening-up of its financial sector. This is the second part of a five-part story.
Source: Global Times | 2018/6/25 17:28:40

Quanzhou locals drive national reform, economic opening-up with homegrown shoe brands

This year marks the 40th anniversary of China's reform and opening-up policy. During the past 40 years, China's eastern coastal cities have been at the forefront of the nation's economic reform. In particular, Quanzhou in East China's Fujian Province, known for its vigorous private economy and homegrown brands, was cited in 2008 as one of 18 successful cases of local reform and opening-up. Global Times reporter Li Xuanmin recently paid a visit to the city to investigate the role of the private sector in Quanzhou's economic growth. This is the first part of a five-part story.
Source: Global Times | 2018/6/24 16:38:39

China to safeguard global trade system

China's ongoing trade talks with the US are not only aimed at achieving reciprocal outcomes but are also meant to safeguard the multilateral trade system, experts said.
Source: Global Times | 2018/5/15 21:38:40

China must keep momentum in energy revolution

In April 2018, the Central Committee of the Communist Party of China (CPC) and the State Council declared that a free trade zone would be established in Hainan by 2020, with a free trade port to follow by 2025.
Source: Global Times | 2018/5/7 21:38:39

Tencent helps Chinese youth pursue and realize their dreams

Young people have always pushed the development of society with their imagination, individual and social pursuits and innovation. The reform and opening-up, which opened the door for China to go to the outside world, also brought enormous opportunities for Chinese youth. Looking back at the past 40 years since the reform and opening-up, it is the dreams of Chinese youth that illuminates the future of China.
Source: Global Times | 2018/4/24 18:48:39

Pudong New Area's 28th anniversary of opening-up

April 18 marked the 28th anniversary of Pudong New Area's opening-up and development. If you want to know China's progress, you should study Shenzhen in the 1980s and Pudong in the 1990s. On April 18, 1990, the CPC Central Committee and the State Council officially announced the development and opening-up of Pudong New Area, back then just vast stretches of farmland. During its extraordinary 28-year journey, Pudong created miraculous growth and has drawn attention from all over the world.
Source: Global Times | 2018/4/22 20:53:39

China unveils guidelines for deepening Hainan reform, opening up

China on Saturday unveiled guidelines on supporting the southern island province of Hainan to deepen reform and opening up, with details on turning it into a pilot free trade zone and creating a "free trade port with Chinese characteristics."
Source: Xinhua | 2018/4/14 18:51:58

China's reforms win accolades at Boao

China's 40 years of reforms and opening-up has significantly contributed to the world economy and promoted global integration, while also helping developing nations and setting an example of China's contribution to inclusive growth for the world, officials and experts said at the Boao Forum for Asia (BFA) in Boao, South China's Hainan Province.
Source: Global Times | 2018/4/11 23:08:40

Li pledges further opening-up for foreign firms

China will open up further to foreign investment in the telecommunications, healthcare, education, and new-energy vehicle sectors, and comprehensively open up the country's general manufacturing industry to overseas investors, Premier Li Keqiang said on Monday.
Source: Global Times | 2018/3/5 21:01:06

Dongguan upgrades to smart factory

In the past two years, I've traveled to Dongguan in South China's Guangdong Province three times. Each time, I was assigned to cover a different topic ranging from the replacement of workers with robots to the slowdown in local GDP due to crackdowns in various areas such as the way in which original equipment manufacturers (OEMs) operate.
Source: Global Times | 2018/2/26 22:03:39

Shenzhen, a rising foreign entrepreneur attraction

When Laurent Le Pen first came to Shenzhen, South China's Guangdong Province in 2007, he had to explain to his friends that he had moved to a city near the Hong Kong Special Administrative Region, as no one could pinpoint the city on the world map at that time.
Source: Global Times | 2018/2/25 18:08:39