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New breakthroughs were made in reform and opening up.
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the State Council
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local governments
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institutional reforms
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Institutional reforms of both the State Council and local governments were implemented smoothly.
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the negative list system
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streamline administration and delegate power
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upgrade service
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international rankings
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New progress was made in reform in key fields. The negative list system for market access was put fully into effect. Reforms to streamline administration and delegate power, improve regulation, and upgrade services were intensified, and our business environment rose significantly in international rankings.
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all fronts
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joint efforts to pursue
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the Belt and Road Initiative (BRI)
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make significant headway
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Opening up was expanded on all fronts, and joint efforts to pursue the Belt and Road Initiative (BRI) made significant headway.
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the China International Import Expo
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the China (Hainan) Pilot Free Trade Zone
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The first China International Import Expo was a success. Work began on building the China (Hainan) Pilot Free Trade Zone.
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its utilized foreign investment
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China’s total volume of trade in goods exceeded 30 trillion yuan, and its utilized foreign investment totaled US$138.3 billion, ranking China first among developing countries.
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