Faced with the dual challenges of deep adjustment of the global industrial chain and the rise of unilateralism, it is urgent to break through with institutional opening-up. China is striving to get through the key bottlenecks of high-level opening-up. In the strategic practice of solving the dilemma of foreign investment withdrawal, unleashing the consumption potential of more than 1.4 billion people, and reshaping the discourse power of global economic governance, China is setting up an upgraded path for the new development pattern of dual circulation.
In the practice of opening-up, the essence of the phenomenon of admitted but not allowed to operate lies in the institutional opening that touches on the adjustment of deep interest patterns. Reform is essentially an institutional game to break down the barriers of vested interests. After more than 40 years of reform and opening-up, China has established a reform foundation for barrier reduction, guided by national strategy and supported by digital governance. It has both the siphon effect formed by the complete industrial system and the regulatory capacity created by digital transformation.
To tackle specific challenges and achieve policy breakthroughs, this article proposes the following suggestions.
1. Strengthen policy implementation supervision, establish a central-local collaborative implementation mechanism, and ensure the implementation and refinement of various opening-up commitments.
2. Eliminate various hidden barriers in details through improving laws and regulations.
3. Optimize the approval process and improve admission efficiency.
4. Maintain fair competition and break monopolies as well as local protectionism.
5. Strengthen service guarantee and solve the pain points of operation.
