ANALYSIS OF OPPORTUNITIES AND CHALLENGES FOR YUNNAN`S HIGH QUALITY OPENING UP TO THE OUTSIDE WORLD UNDER THE RCEP BACKGROUND

Abstract

Yunnan is comprehensively accelerating the construction of China’s own development center for South and Southeast Asia. The Comprehensive Regional Economic Partnership (RCEP), signed by 15 countries, has provided continuous support to Yunnan Province to accelerate the development of cross-border cooperation in agriculture, construction of logistics centers and business development in cross-border regions. The main focus is on the implementation of border innovation, which will make full use of the rules of the RAP to accelerate the development of Yunnan Province, and will become an important part of the new political system for the development of the province, as well as an important milestone of support to achieve various aspects of Yunnan’s economy and society and promote domestic and international development in the conditions of globalization. The further deepening of the reform will lead to the creation of a system of projects to streamline administration, delegate authority and improve services by government structures, as well as further improve standards, streamline procedures and expand external services, so as to create a favorable institutional mechanism for Yunnan to lead the outside world. To this end, the deep territorial integration of Yunnan into the China Pilot Free Trade Zone is already being created and numerous innovative experimental platforms are being launched that will demonstrate the openness of the Chinese economy to the outside world, will provide support for the development of regional institutional mechanisms to build an outward-oriented economy and promote investment, will ensure the protection of property rights, attract technological innovations and deepen economic cooperation. Active study of new cooperation models in the field of free trade, which are compatible with Yunnan Province and coordinated with neighboring Southeast Asian countries, will steadily promote the transformation of Yunnan Province’s openness mechanism to a new model of economic development.