Page 20 - Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development

platforms for opening up and cooperation in areas such as technological
innovation, trade in services, and industrial development.

We should advance the internationalization of the RMB, pursue greater
openness of RMB capital accounts, and build a homegrown, risk-controllable
cross-border RMB payment system. We should promote reform in global

economic and financial governance and work toward establishing and
preserving an international economic order based on fairness, justice,
openness, inclusiveness, and mutually beneficial cooperation.

22. Promoting the innovative development of trade
We should enhance both quality and performance in foreign trade and
work faster to turn China into a strong trading nation. We need to promote

market diversification and the integrated development of domestic and
foreign trade. We should optimize and upgrade trade in goods, expand green
trade and trade in intermediate goods, and pursue balanced development of

imports and exports.
We should boost the development of trade in services by encouraging
exports, refining the negative list-based management system for cross-border

trade, and improving standards. In the domain of digital trade, we should
pursue innovative development and take well-ordered steps to expand
opening up. We should enhance the functions of trade promotion platforms

and support the development of new forms and models of business such as
cross-border e-commerce. Mechanisms for export control and security review
should be improved.
23. Expanding two-way investment cooperation

We should foster new strengths in attracting foreign investment, ensuring
both easy market access and accommodating business environments for

foreign investors, shortening the negative list for foreign investment, and
facilitating reinvestments made by foreign-funded enterprises in our country.
We should improve the system of services and support for foreign investors,
fully implement national treatment for foreign-funded firms, ensure efficient,

convenient, and safe cross-border data flows, and create an institutional
environment that is transparent, stable, and predictable.

We should effectively manage outbound investment, improve
comprehensive overseas services, and promote the integrated development of
trade and investment. We should guide the overseas distribution of industrial
and supply chains in a rational, orderly manner.

24. Pursuing high-quality Belt and Road cooperation

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