National Standing Committee: Study and deepen reform in key areas and expand institutional opening up

On October 31st, Li Qiang chaired an executive meeting of the State Council. The meeting pointed out that efforts should be made to deepen reform in key areas, drive high-level opening up to the outside world, improve the level of commodity market opening, optimize service market access rules, and improve the regulatory system for factor market opening. It is necessary to take the initiative to connect with international high-standard economic and trade rules, actively expand independent opening up, and steadily expand institutional opening up such as rules, regulations, management, and standards. It is necessary to pay attention to the advantages of high-level open APIs such as free trade pilot zones and free trade ports, explore the formation of more replicable and popularized reform results, and continuously improve the efficiency of institutional opening up.