New strategy to create 'promising market' By OUYANG SHIJIA in Boao, Hainan | China Daily | Updated: 2021-04-22 09:09 Share CLOSE FAW-Volkswagen employees work on an assembly line at the automaker's Tianjin plant. [Provided to China Daily] China is dedicated to opening its economy wider under the new dual-circulation development paradigm, with a key focus on building an open market and expanding institutional opening-up, while boosting innovation-driven development, experts said on Wednesday. "China is set to become the world's largest and most promising market in the near future," said Zeng Peiyan, former vice-premier of China. "During the 14th Five-Year Plan period (2021-25), China will enter a new stage of pursing high-quality development driven by innovation and reforms."