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Opening-up and the dazzling story of new China

Policy shift unleashed wave of economic dynamism that propelled nation onto global stage

By ZHUANG QIANGE | CHINA DAILY | Updated: 2024-10-18 08:54
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Editor's note: This year marks the 75th anniversary of the founding of the People's Republic of China, and to celebrate we have created a series of illustrations depicting the changes over decades since the country opened up to the rest of the world. China Daily and Luxun Academy of Fine Arts cooperated to create this page and animation.

WANG XIAOYING/SHI YU/CHINA DAILY

At the founding of New China in 1949, few could have predicted the astonishing economic transformation that would follow. For nearly three decades, China's development was characterized by limited global engagement. However, everything changed in 1978 when China launched its historic reform and opening-up policy under the leadership of the Communist Party of China. This policy shift unleashed a wave of economic dynamism that would propel China onto the global stage.

The opening-up policy marked the beginning of a new era, where China welcomed foreign investment, embraced market reforms and began integrating with the global economy. One of the greatest milestones in this journey was achieved in 2001, when China, after going through lengthy and tough negotiations, joined the World Trade Organization in December of that year. The WTO accession is also widely considered as a landmark economic event in world history.

In more recent years, China's technological advancements have continued to impress the world. The C919, China's first domestically produced large passenger jet, made its maiden flight in 2017, signaling the nation's ambitions in the aerospace industry. This achievement was complemented by the launch of the China International Import Expo in 2018, a groundbreaking event that underscored China's commitment to global trade and cooperation. The CIIE has since become a vital platform for international businesses to access the Chinese market, solidifying China's role as a global economic powerhouse.

As China celebrates its past achievements, it also looks to the future with confidence. The nation's leadership has made it clear that the doors to China will only open wider, promising more opportunities for international collaboration and economic growth. This vision reflects the spirit of innovation and openness that has driven China's transformation over the past several decades, ensuring that the country will continue to play a pivotal role in the global economy for years to come.

In a world that is increasingly interconnected, China's story is one of resilience, ambition and unwavering commitment to progress. As the nation continues to build on its remarkable achievements, the world watches closely, knowing that China's journey is far from over.

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