Spatial Layout Adjustment for Regional Economic Cooperation and High-Standard Opening Up: Theoretical Implications and China’s Practices

Abstract

In response to changes in both domestic and international development environments, the Central Committee of the Communist Party of China (CPC) has called for vigorously promoting high-standard opening up . This approach is primarily defined by the endogenous driving of high-level factors, coordinated balance between efficiency and security, and the demonstration and guidance role of institutional rules . A diversified spatial layout for regional economic cooperation serves as an effective pathway to high- standard opening up. Since the 18th CPC National Congress, China has accelerated the restructuring of this layout to facilitate a comprehensive, high-standard opening up. The main achievements include a more diversified trade and investment market, large-scale overseas operations by Chinese companies, and significant demonstration effects of China model. However, China still faces challenges such as limited replacement capacity in emerging markets and the need to enhance the self-supporting and risk-controllability of overseas supply chains . To further advance high-standard opening up through restructuring the regional economic cooperation layout, China should proactively promote high-standard regional economic and trade negotiations, stabilize and consolidate its traditional market share, strive to build a circle of friends together under the Belt and Road Initiative, help enhance the capability and vitality of emerging markets, and accelerate adjustments to its outward direct investment strategy to create a self-supporting and risk- controllable overseas supply chain system.

Keywords

spatial layout for regional economic cooperation / high-standard opening up / the Belt and Road Initiative (BRI)

RIGHTS & PERMISSIONS

Higher Education Press