Pursuing Open Development and Establishing a New System of an Open Economy

Abstract

Zhejiang is an economically developed province in the southeastern coastal area. The opening of Zhejiang’s economy includes not only opening to the outside world (international opening), but also opening to the domestic market (inter-regional opening). As Zhejiang’s economy enjoys a relatively high degree of marketization, Zhejiang’s economy is closer to an open economy. Since the reform and opening up, great progress has been made in Zhejiang’s foreign trade and introduction of foreign direct investment. In particular, since the beginning of the 21st century, the Zhejiang Provincial Party Committee and the Provincial Government have proceeded from Zhejiang’s actual conditions and have followed the developmental trend of the world economy to “go out of Zhejiang to develop Zhejiang” so as to continuously increase the level of Zhejiang’s open economy. The development of Zhejiang’s open economy is the best practice of the Chinese dream of a large open country.