(A closer look at China) From the "two cycles", understand what Xi Jinping said "stand on the right side of history"

  China News Service, Beijing, August 6 (Reporter Liang Xiaohui) "Gradually form a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles mutually promoting each other." Recently, China's top leader Xi Jinping has expressed his views on China's new economic development pattern. This interpretation has become the "newest vane" for the outside world to interpret China's economic trend.

  In the atmosphere where the epidemic has blocked the circulation of the global industrial chain supply chain and protectionism is rising, China has proposed that the domestic cycle is the main body. Does it mean that it has to "stop opening up and turning inward"? In response to some misunderstandings that separate the "big cycle" and the "double cycle" from the outside world, in fact, Xi Jinping has clearly stated that "with the domestic big cycle as the main body, it is by no means a closed door to operate in a closed manner", and especially emphasized, "We We must stand on the right side of history"-Persist in deepening reforms, expanding opening up, and promoting the construction of an open world economy.

  Why does Xi Jinping emphasize "standing on the right side of history"?

  Mainstream public opinion believes that the new development pattern that China is planning at the critical time point is the clearest interpretation of "standing on the right side of history"-with the domestic cycle as the main body, the domestic and international dual cycles will promote each other, and they will pass through the smooth domestic The supply and demand cycle guarantees the production and export of China in the global industrial chain, thereby maintaining the stability of the international industrial chain supply chain, and pushing the world economy to return to normal order as soon as possible.

  Xing Ziqiang, chief economist of Morgan Stanley China, believes that the essence of the domestic cycle is "openness." By releasing the domestic economy and consumption potential, combining the protection of intellectual property rights, improving the business environment, and reducing access restrictions, it attracts multinational companies to keep their industrial chains, factories, and stores in China and share the cake of the Chinese consumer market.

  Wei Jianguo, vice chairman of the China Center for International Economic Exchanges, told the media that China is promoting a large domestic cycle on the basis of opening up to the outside world, and the strengthening of the domestic cycle will also support China to promote a larger, higher level, and broader scope. "External circulation", the two cannot be separated, let alone contradictory and opposite.

  This is exactly what Xi Jinping emphasized at the Entrepreneur Forum in July: “With the domestic cycle as the main body, it is by no means a closed door to operate, but by leveraging the potential of domestic demand to better connect the domestic market with the international market. , Make better use of the two international and domestic markets and two resources to achieve stronger and more sustainable development."

  In the past few years, China has also been answering the core concerns of the outside world regarding China’s opening-up process through a series of practical actions such as building a “Belt and Road” cooperation platform, advocating the establishment of the Asian Infrastructure Investment Bank, and hosting the China International Import Expo. The door to the outside world will only open wider.

  Even when the epidemic has severely impacted the world economic industrial chain and supply chain, China still firmly chooses to open to the outside world and strives to become a stable link in the global economic chain.

  At the G20 Leaders' Special Summit on New Crown Pneumonia, Xi Jinping reiterated: China will unswervingly expand reform and opening up, relax market access, and continue to optimize the business environment.

  When replying to the representative of the members of the “Global Chief Executive Officer Committee”, Xi Jinping once again emphasized: We will continue to deepen reforms, expand opening up, and fully implement the “six stability” and “six guarantees” major policy measures to provide more investment and development for Chinese and foreign companies. A sound business environment.

  A series of practical actions this year have also shown that China's pace of opening up to the outside world has not stopped. The release of the "Overall Plan for the Construction of Hainan Free Trade Port" and the continued "slimming" of the negative list for foreign investment access are all the latest footnotes to China's continued expansion of opening up.

  Chinese officials also recently announced that the 2020 China International Trade in Services Fair, one of China's three major open exhibition platforms, will be held in September. The third China International Import Expo to be held this year is also under preparation. "China's higher level of opening to the outside world will not change due to the epidemic" has become a general consensus among many observers.

  It is undeniable that, in the context of economic globalization in recent years, the new crown epidemic has strengthened the proposition of some countries to implement trade protection. At this crossroads, China reiterated that continuing to open up to the outside world means more "historical choices" to adhere to globalization and promote the construction of an open world economy.

  "The current international protectionist trend is rising, but we must stand on the right side of history, adhere to multilateralism and democratization of international relations, plan development with openness, cooperation, and win-win thinking, and unswervingly promote economic globalization toward openness, Development in the direction of inclusiveness, inclusiveness, balance, and win-win, promote the construction of an open world economy." Xi Jinping pointed out this year at the National Two Sessions.

  Persist in deepening reforms, expanding opening up, and promoting the construction of an open world economy... Some observations believe that China's series of coherent and stable policy choices have explained the clear meaning of "standing on the right side of history". (Finish)