With favorable conditions accumulating,financial opening-up,as a crucial aspect of"voluntary opening-up",is expected to attain more importance during the 15th Five-Year Plan(hereinafter referred to as FYP)pe...With favorable conditions accumulating,financial opening-up,as a crucial aspect of"voluntary opening-up",is expected to attain more importance during the 15th Five-Year Plan(hereinafter referred to as FYP)period.In the Outline of the 14th FYP(2021-2025)for National Economic and Social Development and Vision 2035(hereinafter referred to as the"Outline"),farther opening-up for win-win cooperation is positioned in Part Ⅻ,while in the Recommendations for Formulating the 15th FYP for National Economic and Social Development(hereinafter referred to as the"Recommendations'1),the term"promoting high-standard opening-up and creating new horizons for mutually beneficial cooperation"has been moved significantly forward to Part Ⅶ.In particular,compared with the Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernization(hereinafter referred to as the"Resolutions")which stresses"taking the initiative by opening-up",the Recommendations emphasize"opening China wider to the outside world",explicitly calling for pursuing greater openness of RMB capital accounts.The acceleration of technological advancement has made the issue of insufficient demand more prominent,with saving rates remaining high.Against the background of intensifying China-US strategic rivalry,unlocking the efficient use of domestic savings is an important issue for financial opening-up.展开更多
文摘With favorable conditions accumulating,financial opening-up,as a crucial aspect of"voluntary opening-up",is expected to attain more importance during the 15th Five-Year Plan(hereinafter referred to as FYP)period.In the Outline of the 14th FYP(2021-2025)for National Economic and Social Development and Vision 2035(hereinafter referred to as the"Outline"),farther opening-up for win-win cooperation is positioned in Part Ⅻ,while in the Recommendations for Formulating the 15th FYP for National Economic and Social Development(hereinafter referred to as the"Recommendations'1),the term"promoting high-standard opening-up and creating new horizons for mutually beneficial cooperation"has been moved significantly forward to Part Ⅶ.In particular,compared with the Resolution on Further Deepening Reform Comprehensively to Advance Chinese Modernization(hereinafter referred to as the"Resolutions")which stresses"taking the initiative by opening-up",the Recommendations emphasize"opening China wider to the outside world",explicitly calling for pursuing greater openness of RMB capital accounts.The acceleration of technological advancement has made the issue of insufficient demand more prominent,with saving rates remaining high.Against the background of intensifying China-US strategic rivalry,unlocking the efficient use of domestic savings is an important issue for financial opening-up.
