Foreword Chapter One Openness and Opportunity: A Win-Win for China and the World China's High Level of Openness Is Crucial to Globalization China's High-Level Opening Up Brings Opportunities for the World Promoting an Open World Economy China and the World: Inside the Dynamics of a Changing Relationship A New Global Economic Governance System and theRestructuring of Global Industrial Chain China's New Economy Fuels an Open World Economy: How to Address Thorny Problems in Governance? Chapter Two The Sharing Economy and Dual Circulation: China's NewDevelopment Paradigm The Strategic Vision of the New Development Paradigm Building a More Open Dual-Circulation Paradigm China's Dual Circulation and High-Level Opening Up Dual Circulation Against the Backdrop of High-Level Opening Up The New Characteristics of the Dual Circulation Development Paradigm Chapter Three Rising to the Challenges: Reshaping Multilateral Institutions and International Order Responding to Common Challenges with Multilateral Cooperation From Great Power Competition to Great Power Cooperation: Strengthening a Rule-Based International Order Responding to the Challenge of Unilateralism withMultilateralism Restructuring the WTO's Framework of Rules Sharing Some Insight on Recovery to Support Global Rebound China's Economy in an Era of Multilateralism Chapter Four Development and Innovation: A New System for a Higher Level of Open Economy A High Level of Opening Up to the Outside World and New Responsibilities of the Financial Sector The Three Institutional Pillars for China's High-Level Opening Up: Factor Markets, Dynamic Enterprises and Humanistic Property Rights Promoting a Win-Win Economic and Trade Order for a New Era: Starting from BRI Digital Economy and Cross-Border E-Commerce Rules Formulating Rules of Financial Openness to Accommodate a High-Level Opening Up Achieving High-Level Economic Development and Innovation Chapter Five Strategy and Evolution: A High-Level Socialist Market Economy Promoting a High-Quality Market System with More Resilience and Openness Promoting Institutional Openness Through Governance Reform Institutional Openness to Further Market-Oriented Reform in theService Sector How China's Opening Up Has Evolved: A Case Study of Four Decades of Opening Up in the Shenzhen Special Economic Zone