Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 23 (Xinhua) — China’s Ministry of Commerce has released a work plan to deepen reform and innovation in the country’s national economic and technological development zones to achieve high-quality development through high-level opening-up.
Noting that the establishment of such zones is an important measure for China to advance the reform and opening-up policy, the document stresses that these areas should act as pioneers in reform and opening-up and continue to improve the institutions and mechanisms for high-level opening-up.
According to the plan, in order to improve the quality of utilization of foreign investment, projects with foreign capital participation in sectors such as integrated circuit manufacturing, biomedicine and advanced equipment implemented in these zones should be given priority for inclusion in the list of key foreign investment projects.
In addition, it encourages deepening interaction between state-owned economic and technological development zones and leading global investors and financial institutions through the use of trade facilitation platforms, and proposes to support such zones in organizing delegation trips abroad to attract foreign capital.
The plan also emphasizes the need for more diversified and innovative foreign trade strategies. It supports the establishment of mass-market trade centers, global distribution hubs, and international logistics centers in national development zones that meet relevant requirements.
In addition, the document also highlights the role of these zones as platforms of openness and calls on them to promote international cooperation through multilateral and bilateral initiatives and agreements, especially in areas such as green development, the digital economy and the maritime economy. –0–