China's economy is open to the outside world in what aspects

1. The utilization of foreign capital and technology is an important form of opening up. China is a developing country with a weak material base and a lack of capital for construction. In order to realize the strategic goal of "three-step" socialist modernization, it is necessary to raise sufficient funds, including domestic funds and foreign funds. According to the international economics view of intertemporal comparative advantage, any society faces a choice between current and future consumption. Generally speaking, developing countries have a preference for current consumption, and thus can trade intertemporally by borrowing and exchanging a certain amount of future consumption for current consumption. China is a country with intertemporal comparative advantage, and there are many investment opportunities with high productivity in economic development, so we should actively and boldly utilize foreign capital. However, attention should be paid to improving the quality and level of the utilization of foreign capital, combining the utilization of foreign capital with economic restructuring and the reorganization and transformation of state-owned enterprises, and encouraging investment in agriculture, manufacturing and high-tech industries. Here must be clear a principle, is the utilization of foreign capital initiative must always be in our own hands. This principle contains two meanings: Firstly, the purpose of utilizing foreign capital is to give full play to the comparative advantages of China's market, resources and labor force, and to improve the quality and efficiency of China's economic growth, and we have to focus on such a purpose, choose the advantageous industries, and guide the structure of foreign investment and its adjustments; secondly, the utilization of foreign capital should adhere to the principle of "moderation", and scientifically analyze our development potentials. Secondly, the utilization of foreign capital should adhere to the principle of "moderation", scientifically analyze our development potential and repayment ability, and grasp a reasonable amount in general to avoid a debt crisis. Moreover, in accordance with the requirements of a socialist market economy and the rules of the WTO, a standardized foreign investment access system should be formed, and national treatment should be applied to foreign-funded enterprises. While utilizing foreign capital, it is also necessary to actively introduce advanced technology and equipment from abroad. Through absorption and digestion, accelerate technological progress, promote the upgrading of industrial structure and product structure, improve the quality of China's enterprises and enhance international competitiveness.

2. Expansion of trade in goods and services is the basic form of opening to the outside world. Classical economics and modern economics tell us that through international trade can obtain absolute advantage, adjust the surplus and deficit; but also can obtain comparative advantage, saving social labor. Exports will prompt capital to be invested in the most efficient areas, and to carry out large-scale and specialized production for the international market, thus achieving the benefit of economies of scale. At the same time, it can also drive the introduction of foreign capital, technology and management knowledge. Through the "multiplier" effect, it generates chain reactions one after another and promotes the rapid development of the economy. Therefore, we should strive to expand trade in goods and services, and actively explore the international market. Specifically, we should work in the following aspects: we should emphasize the expansion of space, implement the strategy of market diversification, not only consolidate the traditional market, but also develop emerging markets, and enhance the ability to resist risks. We should pay attention to the improvement of quality, insist on winning by quality, and improve the technical content and added value of export commodities and services. Accelerate the construction of high-tech products export base, efforts to promote the export of high-tech products, expanding the market share of brand-name mechanical and electrical products, so that China's export commodity structure from low-tech content, low value-added products to high-tech products, high-value-added products to change the main products. Also optimize the import structure, focusing on the introduction of advanced technology and key equipment; to promote the diversification of imports of important strategic materials related to the survival and development of the country; to establish the necessary strategic reserve system.

3. The establishment of special economic zones is a special form of opening up that suits China's national conditions. Special zones are windows of technology, management and knowledge, windows of foreign policy and bases for opening up. By organizing special economic zones, we can explore the road of reform and opening up and gain valuable experience, which can lead to the reform and opening up of the coastal areas and even the whole country. From the time of its birth, the fate of China's special economic zones has been closely linked to reform and opening up and modernization. It can be said that without the practice of opening up of special economic zones to the outside world, it would be impossible to form the current pattern of all-round opening up.