"Just like any other SOEs, the reform will take time for the industry and the market to adjust, and it needs support from companies and enterprises of all different ownership," he added.
Perhaps the best symbol of China's new openness, the initiative, with the full name of The Silk Road Economic Belt and the 21st Century Maritime Silk Road, was proposed by President Xi Jinping during visits to Kazakhstan and Indonesia in 2013.
"The constitutional revision is a major move to advance law-based governance and modernize China's system and capacity for governance," read an explanation on the revisions to be delivered to lawmakers Monday morning at the first session of the 13th National People's Congress.
Although the mainland maintained its place as the largest market in size for the past three years and continues enjoying robust economic growth, the Hong Kong Special Administrative Region made a significant leap up the ranks from ninth last year to sixth. It is now ahead of Sweden (seventh), the United Kingdom (eighth) and Japan (ninth).
The author poses in front of the famous 5 Pavillion Bridge from Slender West Lake in Yangzhou in an undated photo. [Photo provided to chinadaily.com.cn]
"Our policy on this subject is very clear. We are leaving the Customs Union and will establish a new and ambitious customs arrangement with the EU while forging new trade relationships with our partners around the world."
One of the recent buzzwords being heard often in China, frequently cited by top leaders as well as people at the grassroots level, is "openness".