Abstract:

Confronted with the head tide of economic globalization, China, upholding open winwin strategies of mutual benefit, needs to accelerate structural reform targeting at economic transition, resolve prominent contradictions of economic transition by deepening structural reform and constantly raise the internalandexternal linkage of development so as to release the enormous growth potential brought by economic transition, stimulate the vitality of the market and ensure steady growth expectation. Against the grand background of the historic convergence of China’s economic transition and the new round of globalization, the shift from the “primary openingup” centered on cargo trade to the “secondary openingup” focusing on service trade becomes a major task of China’s economic transition and structural reform. Meanwhile , how to handle the governmentmarket relations determines the actual schedule of structural reform. Only by prioritizing the proper relationship between governments and the market, can we expand market space, magnify market effects of structural reform, increase effective institutional supply and finally realize substantial breakthrough in economic transition. The promotion of structural reform through openingup transition not only determines the future development of China’s economic transition, but also exerts magnificent influence over global economic growth and patterns of economic governance.

Key words: upgrading economic transition, structural imbalance, growth potential,  , structural reform