In the future, China must do more than simply open up the manufacturing sector and lift restrictions on foreign shareholders and the scope of business foreigners can conduct. China will also need to accelerate the opening-up of the service industries, substantially loosen restrictions on access to markets, and promote the orderly opening up of service industries like finance, education, culture, and health care. In addition to actively inviting the rest of the world to participate in its economy, Chinese businesses must also improve the way they “walk out.” China should encourage and lead its businesses to improve the way they use both foreign and domestic markets and resources to make rational overseas investments and operate in compliance with regulations.
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