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China sees intensive, extensive development of opening up in past 10 years

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By GuXueming, Zhang Dan

Opening up is a fundamental policy of China, as well as a hallmark of contemporary China. Following the introduction of the reform and opening up policy in 1978, China has fully grasped the opportunities brought about by economic globalization and constantly expanded opening up, making a historic change in its relations with the rest of the world.
Over the past 10 years, China has worked to change its opening up pattern from one based on the flow of products and factors to one based on institutions and rules. A new system for a higher-standard open economy has taken shape.
The country witnessed rapid growth in exports of high-technology, high-quality and high-value-added products. From 2013 to 2021, annual export growth of high-technology products stood averaged 5.1. The comparative advantages of Chinese exports are more and more driven by innovation, rather than factors.
Thanks to the improvement in both the volume and quality of inbound foreign investment, China’s high-tech industry lifted its actual use of foreign capital from 140.9 billion yuan ($20.08 billion) in 2016 to 346.9 billion in 2021, with an average annual growth of 19.7 percent. More and more multinational companies are setting up headquarters, R&D centers and purchasing centers in China.
China has been accelerating the building of a new system for a higher-standard open economy. Since 2013, the country has set up 21 pilot free trade zones (FTZs), and they have seen their successful practice in 278 cases of innovation in institutional reform promoted at the national level.
The number of items on the national and FTZ negative lists has been downsized to 31 and 27, respectively, which effectively activated the energy, impetus and potential of reform and innovation.
The construction of the Hainan Free Trade Port is in steady progress. A tax system that is applicable to high-level free trade ports is being established step by step according to the principles of zero tariff, low tax rate, streamlined tax structure, strengthened law enforcement, and phased implementation, to enhance trade liberalization and facilitation.
In 2020, China ranked 31st among 190 economies in the World Bank’s ease of doing business index, rising from 96thin 2013 and becoming one of the fastest-growing economies in the world.
Over the past 10 years, China has promoted reform, development and innovation through opening up, seeing continuous improvement in the quality of its economic development.
By advancing supply-side structural reform through high-level opening up, optimizing imports and improving the quality of domestic supply by exploiting domestic and foreign innovation factors, China is providing products and services of higher quality to the global market and promoting mutual reinforcement between the domestic and international circulations. China’s efforts further optimized factor allocation in industries, accelerated industrial restructuring and raised the quality of economic development.
The added value of the service sector accounted for 53.3 percent of China’s GDP last year, up from 46.1 percent in 2013, maintaining an important engine driving economic growth. The country’s manufacturing industry also saw a significant rise in its comprehensive capability and international influence. The share of the added value of China’s manufacturing industry in the world increased to nearly 30 percent in 2021 from 22.5 percent in 2012, which has consolidated the fundamentals for China’s economic development.
Over the past 10 years, China has adhered to win-win cooperation and made unswerving efforts to build an open world economy despite the headwinds of de-globalization.
Facing unstable global recovery, rising de-globalization, as well as profound changes and a pandemic both unseen in a century, China has worked to stabilize foreign trade and foreign investment, and improve the management system for foreign investment. It has boosted confidence in global recovery while pushing for the healthy development of its own economy.
Between 2019 and 2021, the average annual growth of China’s actual use of foreign capital stood at 10.8 percent, 9.1 percent higher than the global average. During the same period, the average annual imports growth was 13.7 percent, 5.7 percentage points higher than the global average.
China’s contribution to global economic growth exceeded 30 percent for years, and the country, with a minor rise in its export prices, is alleviating global inflation, serving as an important force driving global recovery.
China follows a principle of extensive consultation, joint contribution and shared benefits and promotes high-quality development of the Belt and Road Initiative, which not only brings win-win benefits to participating countries, but also enhances the wellbeing of their people.
Responding to the international aspiration for more equitable, sustainable, and secure development, China proposed the Global Development Initiative and the Global Security Initiative for building a community with a shared future for mankind. The two initiatives have been warmly responded by over 100 countries.
The development of China in the past 10 years has fully indicated that opening up is the path China must take to achieve prosperity and development. China’s door of opening-up will not be closed and will only open even wider.
Facing the future, China will take advantages of its super large market, drive high-quality development with high-level opening up, and further integrate itself into the world to stabilize global trade and investment, world economy and people’s confidence. With the outcomes ofhigh-level opening up, the country will benefit not only the Chinese people, but also the people ofthe rest of the world.

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Starship to leave for Mars at end of 2026 – Elon Musk

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Elon Musk has announced an ambitious timeline for SpaceX’s Mars mission, revealing that the company’s massive Starship rocket is set to depart for the Red Planet at the end of 2026. The mission will include Tesla’s humanoid robot, Optimus, as part of the spacecraft’s payload.

“If those landings go well, then human landings may start as soon as 2029, although 2031 is more likely,” Musk posted on his social media platform, X.

The Starship rocket—considered the world’s most powerful—is central to Musk’s long-term vision of colonizing Mars. However, significant technical hurdles remain before this dream becomes reality.

NASA is also counting on a modified version of Starship to serve as the lunar lander for its Artemis program, which aims to return astronauts to the Moon this decade. But before SpaceX can proceed with interplanetary travel, it must demonstrate that Starship is safe, reliable, and capable of complex in-orbit refueling—an essential requirement for deep space missions.

SpaceX recently encountered a setback when the latest test flight of Starship ended in an explosion. While the booster was successfully caught in its orbital test, the upper stage failed, tumbling out of control before the live feed abruptly cut. The incident mirrored a previous attempt.

The Federal Aviation Administration (FAA) has mandated an investigation before Starship can fly again, adding another layer of scrutiny to SpaceX’s ambitious timeline.

Despite these challenges, Musk remains optimistic, continuing to push forward toward his goal of making humanity a multi-planetary species.

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Obi donates N20m to Colleges of Nursing in Ahiara and Ihiala

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The 2023 Labour Party (LP) presidential candidate, Peter Obi, has donated N20 million to two Colleges of Nursing Sciences in Imo and Anambra States. The beneficiaries are Holy Rosary College of Nursing, Ogbe, in Ahiara Catholic Diocese, Mbaise, and College of Nursing Sciences, Our Lady of Lourdes Hospital, Ihiala.

Obi, a former Governor of Anambra State, presented N10 million cheques to each institution during his visits on Friday. At the Holy Rosary College of Nursing, he handed over the cheque to the Bishop of Ahiara Diocese, Most Rev Simeon Nwobi, at the college’s construction site. Similarly, at Our Lady of Lourdes, Ihiala, he presented the donation to the Students’ Union Government (SUG) President, Miss Anigbo Chisom Mary, in the presence of excited students.

Highlighting the significance of his donation, Obi stressed that healthcare and education are critical to national development. He commended the Catholic Diocese of Ahiara for investing in nursing education, describing it as a vital step in securing Nigeria’s future.

“My Lords, what you are doing is a great service to our country,” Obi said. “This donation is not a favour but a recognition of your efforts in nation-building. I will always support this project because it is about securing a better future for Nigeria.”

Obi further urged the government to prioritize quality education, including the prompt payment of teachers’ salaries. He emphasized the need for free and accessible education at the primary and secondary levels, both in public and private schools.

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Tinubu’s administration not running govt in secrecy — AGF Fagbemi

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The Attorney General of the Federation and Minister of Justice, Lateef Olasunkanmi Fagbemi, SAN, has reaffirmed the Federal Government’s commitment to transparency, stating that government affairs will no longer be conducted in secrecy.

Speaking at a Stakeholders’ Town Hall Meeting on the Application of the Freedom of Information Act (FoIA) in Awka, Anambra State, Fagbemi urged Nigerians to use the Act to demand accountability from their elected and appointed officials. The event was organized by the Centre for Transparency Advocacy (CTA) in collaboration with the Federal Ministry of Justice.

Represented by Garba Sunday, a lawyer in the ministry’s FoIA department, Fagbemi emphasized that the FoI Act empowers citizens to access government records and information without providing reasons for their request. He encouraged public officeholders to disclose their activities to foster trust and dispel rumors.

“The Act also provides for people with disabilities and other vulnerable groups to access government records. However, while the law guarantees access to information, there are exemptions and conditions that must be met before certain records can be released,” Fagbemi stated.

He commended the Anambra State government for actively implementing the Act, allowing citizens to stay informed about governance. He further called on Nigerians to exercise their right to information and participate in governance, adding that transparency leads to good governance.

“We appreciate the efforts of organizations like Rule of Law and Anti-Corruption (RoLAC) and CTA for making this town hall meeting possible. The purpose of the FoI Act is to promote **transparency, accountability, and good governance—**not to be used as a tool for blackmail or political attacks,” he added.

In her remarks, CTA Executive Director, Faith Nwadishi, lamented that many Nigerians remain unaware of their rights under the FoI Act, despite its enactment over 14 years ago.

“The Act allows citizens, including women, youth, and people with disabilities (PWDs), to track budgets, monitor government programs, and expose corruption. However, those who passed the law have done little to educate the public about its importance,” she stated.

Nwadishi highlighted that the town hall meeting aimed to empower marginalized groups to use the FoI Act in holding government institutions accountable. She also noted the work of the Strengthening Accountability and Governance in Nigeria Initiative (SAGNI) in promoting transparency in the Federal Capital Territory, Anambra State, and Edo State.

As calls for transparency and accountability grow louder, stakeholders emphasized the need for public institutions to proactively disclose information and for Nigerians to actively demand their rights, ensuring that governance remains open and inclusive.

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