Economic Openness Serves Everyone Better

開放經(jīng)濟，造福世界

Li Keqiang

李克強

This is a testing time.

這是一個充滿考驗的時代。

Almost a decade on, the world is still reeling from the fallout of the global financial crisis. China faces its fair share of challenges, but we choose to confront them head on.

國際金融危機爆發(fā)近十年后，世界經(jīng)濟仍未能完全擺脫其負面影響，中國也面臨不少挑戰(zhàn)。但我們選擇迎難而上。

Above all, we remain convinced that economic openness serves everyone better, at home and abroad. The world is a community of shared destiny. It’s far preferable for countries to trade goods and services and bond through investment partnerships than to trade barbs and build barriers. Should differences arise, it behooves us all to discuss them with respect and a keen sense of equality.

我們堅信，開放的經(jīng)濟符合各方利益，對中國如此，對世界亦然。世界各國是命運共同體，相互間開展貿(mào)易與投資合作，遠比相互攻訐、高筑壁壘好。出現(xiàn)分歧，本著相互尊重、平等相待的精神商談解決之道，最符合各方利益。

China stands resolute with the World Trade Organization and multilateral free-trade agreements designed to be inclusive. Economic globalization has enabled the creation and sharing of wealth on an uNPRecedented scale. There are problems, too, more on the sharing side. These can be addressed, but only if countries work together to ensure that a rising tide really does lift all boats.

中國堅定支持世界貿(mào)易組織和一切旨在推動包容發(fā)展的自貿(mào)安排。經(jīng)濟全球化在前所未有的規(guī)模上推動了財富的創(chuàng)造和分享，但這一進程也存在問題，主要是在分享方面。只要各國齊心協(xié)力，確保所有人都能從全球化中受益，這些問題是完全可以解決的。

At home, the government is opting for a lighter, more balanced touch while engaging the market. To make doing business in China easier, the state is consolidating administrative reviews and focusing more on compliance oversight, risk preparedness, and providing services. We keep improving implementation of the VAT reform to make sure that tax costs drop across the board.

在國內(nèi)，中國政府在處理同市場關(guān)系時采取介入更少、更加平衡的方式。為改善中國的營商環(huán)境，我們推動簡政放權(quán)、放管結(jié)合、優(yōu)化服務(wù)等改革，著力防范各種風(fēng)險隱患，并將不斷完善營改增改革，確保各行業(yè)稅負只減不增。

We are opening new sectors of the economy to investment and widening access to many others. We are piloting a “negative list” model before a nationwide rollout, where investment access isassumed unless specifically restricted. More measures are in the pipeline to ensure all businesses registered in China are treated equally. Companies can enjoy additional incentives if they invest in less-developed western regions or in the northeastern industrial belt.

我們將開放更多行業(yè)，并放寬更多行業(yè)準入。我們正在對基于負面清單管理模式的外資準入制度進行推廣前的試點，未來還將出臺更多措施，讓所有在華注冊的企業(yè)都能一視同仁享受政策。在西部欠發(fā)達地區(qū)或東北老工業(yè)基地投資的企業(yè)，還可享受更多優(yōu)惠政策。

While the government is continuing to invest in infrastructure to boost domestic demand, more resources are going to improving rural roads, water supply, sewage systems, and information networks – areas that traditionally haven’t been as visible. In parallel with such hardware improvements, we’re continuing efforts to expand the safety net, not least for the more vulnerable members of society.

政府將繼續(xù)投資基礎(chǔ)設(shè)施建設(shè)，增加國內(nèi)需求。更多資源將投向鄉(xiāng)村公路、供排水系統(tǒng)和信息網(wǎng)絡(luò)建設(shè)等以往并不顯眼的短板領(lǐng)域。在改善硬件的同時，努力加強民生保障，特別是對弱勢群體的保障力度。

Structural reforms are showing results.

In 2024, China shed more than 65 million and 290 million tons of inefficient steel and coal-mining capacity, respectively. We plan to raise those numbers to 140 million and 800 million tons within the next three to five years to restore healthier fundamentals to those industries. Meanwhile, the government is working with business communities on various retraining programs. In 2024 alone, 700,000 workers once employed in downsized industries moved on to new jobs.

結(jié)構(gòu)性改革正在收到成效。2024年，中國壓減落后過剩鋼鐵產(chǎn)能6500萬噸以上、煤炭產(chǎn)能2.9億噸以上。我們計劃在三至五年內(nèi)鋼鐵、煤炭產(chǎn)能分別壓減1.4億噸和8億噸，使相關(guān)行業(yè)恢復(fù)更加健康的基本面。與此同時，政府還聯(lián)手企業(yè)，為轉(zhuǎn)崗人員提供多種形式的再培訓(xùn)。僅2024年，轉(zhuǎn)崗安置人數(shù)就達到70萬。

At the same time, new growth drivers are emerging strong. Services, which have surpassed manufacturing as a share of the economy, keep consolidating their lead. Consumption now contributes more than 60 percent of the growth in China’s gross domestic product. While creating new value, these drivers are also boosting the efficiency and competitiveness of traditional sectors, with high-tech and equipment manufacturing leading industrial expansion.

中國經(jīng)濟增長的新動能正在蓬勃興起。服務(wù)業(yè)占經(jīng)濟總量的比重已超過制造業(yè)，領(lǐng)軍地位更加鞏固，消費對GDP增長的貢獻率在六成以上。新動能不僅創(chuàng)造新價值，也提升了傳統(tǒng)產(chǎn)業(yè)的效率和競爭力，推動高技術(shù)產(chǎn)業(yè)和裝備制造業(yè)增長領(lǐng)跑整個工業(yè)。

Entrepreneurship and innovation are taking root. Meanwhile, new business models are thriving, transforming many previously unimaginable services into daily conveniences. The mobile-internet-enabled sharing economy is only one obvious case. Besides ordering takeout or hailing cars, housekeeping, health consulting, and many more services are now just a swipe away.

大眾創(chuàng)業(yè)、萬眾創(chuàng)新向縱深發(fā)展。新的商業(yè)模式不斷涌現(xiàn)，此前許多意想不到的服務(wù)正日益成為生活中隨處可享的便利。一個典型的例子是建立在移動互聯(lián)網(wǎng)基礎(chǔ)上的共享經(jīng)濟。除了訂餐、約車等基本服務(wù)，家政、健康咨詢等很多新服務(wù)也都只需輕點手機就可獲得。

The numbers bear out the case. The economy grew a healthy 6.7 percent last year. More important, despite industrial consolidation and ever more robots finding their way into factories, the job market is proving resilient. The economy has added more than 13 million jobs every year since 2024. Unemployment stands at a multiyear low.

數(shù)字最能說明問題。去年中國經(jīng)濟實現(xiàn)了6.7%的健康增長。更重要的是，盡管產(chǎn)業(yè)進一步優(yōu)化整合、工業(yè)機器人應(yīng)用日益廣泛，中國就業(yè)市場的彈性不降反增。2024年以來，我們每年新增城鎮(zhèn)就業(yè)1300多萬人，失業(yè)率當前處于多年來最低水平。

In a world with a plethora of uncertainties, China offers an anchor of stability and growth with its consistent message of support for reform, openness, and free trade. The times may be difficult. But that’s all the more reason not to lose sight of these principles, which have stood China – and the world – in good stead.

在一個不確定性層出不窮的世界上，中國是穩(wěn)定之錨、增長之源，并始終如一傳遞深化改革、擴大開放和推進自由貿(mào)易的積極信息。時局不易，但正因如此，我們更不應(yīng)忽視這些中國和世界從中受益良多的原則。

Economic Openness Serves Everyone Better

開放經(jīng)濟，造福世界

Li Keqiang

李克強

This is a testing time.

這是一個充滿考驗的時代。

Almost a decade on, the world is still reeling from the fallout of the global financial crisis. China faces its fair share of challenges, but we choose to confront them head on.

國際金融危機爆發(fā)近十年后，世界經(jīng)濟仍未能完全擺脫其負面影響，中國也面臨不少挑戰(zhàn)。但我們選擇迎難而上。

Above all, we remain convinced that economic openness serves everyone better, at home and abroad. The world is a community of shared destiny. It’s far preferable for countries to trade goods and services and bond through investment partnerships than to trade barbs and build barriers. Should differences arise, it behooves us all to discuss them with respect and a keen sense of equality.

我們堅信，開放的經(jīng)濟符合各方利益，對中國如此，對世界亦然。世界各國是命運共同體，相互間開展貿(mào)易與投資合作，遠比相互攻訐、高筑壁壘好。出現(xiàn)分歧，本著相互尊重、平等相待的精神商談解決之道，最符合各方利益。

China stands resolute with the World Trade Organization and multilateral free-trade agreements designed to be inclusive. Economic globalization has enabled the creation and sharing of wealth on an uNPRecedented scale. There are problems, too, more on the sharing side. These can be addressed, but only if countries work together to ensure that a rising tide really does lift all boats.

中國堅定支持世界貿(mào)易組織和一切旨在推動包容發(fā)展的自貿(mào)安排。經(jīng)濟全球化在前所未有的規(guī)模上推動了財富的創(chuàng)造和分享，但這一進程也存在問題，主要是在分享方面。只要各國齊心協(xié)力，確保所有人都能從全球化中受益，這些問題是完全可以解決的。

At home, the government is opting for a lighter, more balanced touch while engaging the market. To make doing business in China easier, the state is consolidating administrative reviews and focusing more on compliance oversight, risk preparedness, and providing services. We keep improving implementation of the VAT reform to make sure that tax costs drop across the board.

在國內(nèi)，中國政府在處理同市場關(guān)系時采取介入更少、更加平衡的方式。為改善中國的營商環(huán)境，我們推動簡政放權(quán)、放管結(jié)合、優(yōu)化服務(wù)等改革，著力防范各種風(fēng)險隱患，并將不斷完善營改增改革，確保各行業(yè)稅負只減不增。

We are opening new sectors of the economy to investment and widening access to many others. We are piloting a “negative list” model before a nationwide rollout, where investment access isassumed unless specifically restricted. More measures are in the pipeline to ensure all businesses registered in China are treated equally. Companies can enjoy additional incentives if they invest in less-developed western regions or in the northeastern industrial belt.

我們將開放更多行業(yè)，并放寬更多行業(yè)準入。我們正在對基于負面清單管理模式的外資準入制度進行推廣前的試點，未來還將出臺更多措施，讓所有在華注冊的企業(yè)都能一視同仁享受政策。在西部欠發(fā)達地區(qū)或東北老工業(yè)基地投資的企業(yè)，還可享受更多優(yōu)惠政策。

While the government is continuing to invest in infrastructure to boost domestic demand, more resources are going to improving rural roads, water supply, sewage systems, and information networks – areas that traditionally haven’t been as visible. In parallel with such hardware improvements, we’re continuing efforts to expand the safety net, not least for the more vulnerable members of society.

政府將繼續(xù)投資基礎(chǔ)設(shè)施建設(shè)，增加國內(nèi)需求。更多資源將投向鄉(xiāng)村公路、供排水系統(tǒng)和信息網(wǎng)絡(luò)建設(shè)等以往并不顯眼的短板領(lǐng)域。在改善硬件的同時，努力加強民生保障，特別是對弱勢群體的保障力度。

Structural reforms are showing results.

In 2024, China shed more than 65 million and 290 million tons of inefficient steel and coal-mining capacity, respectively. We plan to raise those numbers to 140 million and 800 million tons within the next three to five years to restore healthier fundamentals to those industries. Meanwhile, the government is working with business communities on various retraining programs. In 2024 alone, 700,000 workers once employed in downsized industries moved on to new jobs.

結(jié)構(gòu)性改革正在收到成效。2024年，中國壓減落后過剩鋼鐵產(chǎn)能6500萬噸以上、煤炭產(chǎn)能2.9億噸以上。我們計劃在三至五年內(nèi)鋼鐵、煤炭產(chǎn)能分別壓減1.4億噸和8億噸，使相關(guān)行業(yè)恢復(fù)更加健康的基本面。與此同時，政府還聯(lián)手企業(yè)，為轉(zhuǎn)崗人員提供多種形式的再培訓(xùn)。僅2024年，轉(zhuǎn)崗安置人數(shù)就達到70萬。

At the same time, new growth drivers are emerging strong. Services, which have surpassed manufacturing as a share of the economy, keep consolidating their lead. Consumption now contributes more than 60 percent of the growth in China’s gross domestic product. While creating new value, these drivers are also boosting the efficiency and competitiveness of traditional sectors, with high-tech and equipment manufacturing leading industrial expansion.

中國經(jīng)濟增長的新動能正在蓬勃興起。服務(wù)業(yè)占經(jīng)濟總量的比重已超過制造業(yè)，領(lǐng)軍地位更加鞏固，消費對GDP增長的貢獻率在六成以上。新動能不僅創(chuàng)造新價值，也提升了傳統(tǒng)產(chǎn)業(yè)的效率和競爭力，推動高技術(shù)產(chǎn)業(yè)和裝備制造業(yè)增長領(lǐng)跑整個工業(yè)。

Entrepreneurship and innovation are taking root. Meanwhile, new business models are thriving, transforming many previously unimaginable services into daily conveniences. The mobile-internet-enabled sharing economy is only one obvious case. Besides ordering takeout or hailing cars, housekeeping, health consulting, and many more services are now just a swipe away.

大眾創(chuàng)業(yè)、萬眾創(chuàng)新向縱深發(fā)展。新的商業(yè)模式不斷涌現(xiàn)，此前許多意想不到的服務(wù)正日益成為生活中隨處可享的便利。一個典型的例子是建立在移動互聯(lián)網(wǎng)基礎(chǔ)上的共享經(jīng)濟。除了訂餐、約車等基本服務(wù)，家政、健康咨詢等很多新服務(wù)也都只需輕點手機就可獲得。

The numbers bear out the case. The economy grew a healthy 6.7 percent last year. More important, despite industrial consolidation and ever more robots finding their way into factories, the job market is proving resilient. The economy has added more than 13 million jobs every year since 2024. Unemployment stands at a multiyear low.

數(shù)字最能說明問題。去年中國經(jīng)濟實現(xiàn)了6.7%的健康增長。更重要的是，盡管產(chǎn)業(yè)進一步優(yōu)化整合、工業(yè)機器人應(yīng)用日益廣泛，中國就業(yè)市場的彈性不降反增。2024年以來，我們每年新增城鎮(zhèn)就業(yè)1300多萬人，失業(yè)率當前處于多年來最低水平。

In a world with a plethora of uncertainties, China offers an anchor of stability and growth with its consistent message of support for reform, openness, and free trade. The times may be difficult. But that’s all the more reason not to lose sight of these principles, which have stood China – and the world – in good stead.

在一個不確定性層出不窮的世界上，中國是穩(wěn)定之錨、增長之源，并始終如一傳遞深化改革、擴大開放和推進自由貿(mào)易的積極信息。時局不易，但正因如此，我們更不應(yīng)忽視這些中國和世界從中受益良多的原則。