Chinese Premier Li Qiang announced sweeping measures to expand high-level opening up during his work report presentation at the fourth session of the 14th National People's Congress on March 5, 2026. The strategy positions China as a driving force in global economic recovery through enhanced international cooperation and market liberalization.
Digital Innovation and Sector Reforms
This year's plan prioritizes opening value-added telecommunications and biotechnology sectors, while pilot programs for foreign-owned hospitals will test new healthcare collaboration models. The premier confirmed orderly expansion of digital sector accessibility, with reduced cross-border service trade barriers.
Global Economic Integration
China will accelerate participation in the Digital Economy Partnership Agreement and pursue membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. The government reaffirmed its commitment to World Trade Organization reform, advocating for multilateral trading systems that benefit developing economies.
Foreign Investment Overhaul
New mechanisms guarantee national treatment for foreign companies, with updated investment catalogs to be released this quarter. Enhanced business services and financial support measures aim to stabilize industrial supply chains while improving risk management frameworks for overseas operations.
Trade Modernization Initiatives
The 2026 strategy introduces cross-border e-commerce incentives and expanded renminbi settlement systems. Plans for 1,200 new overseas warehouses and optimized logistics networks seek to help businesses diversify beyond traditional markets.
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China to expand high-level opening up, advance win-win cooperation
cgtn.com