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, July 4 (Xinhua) — China will support pilot free trade zones (FTZs) to further align with international high-standard trade and economic rules and conduct experiments to enhance institutional openness, Assistant Minister of Commerce Tang Wenhong said Friday.
As Tang Wenhong noted at the press conference, the state will support the FTZ in developing negative lists for data exports in more areas and introducing more support measures to promote efficient, convenient and secure cross-border data circulation.
At the same time, these zones will also implement institutional innovation in cutting-edge areas such as artificial intelligence and science and technology financing to create a model high-quality development ecosystem.
To promote a higher level of trade and investment liberalization and facilitation in the pilot FTZs, China will strengthen market access stress tests and expand opening-up in an orderly manner in areas such as telecommunications, the internet and health care, Tang Wenhong said.
To date, a total of 379 institutional innovation results from pilot FTZs have been replicated and disseminated across the country, creating a favorable situation of sharing the dividends of reforms and equal access to the fruits of openness, the official added. –0–