In an exciting step forward for trade and technology, the Chinese mainland has unveiled a new guideline aimed at upgrading its pilot free trade zones (FTZs). This initiative is set to boost high-standard opening up and high-quality development, simplifying trade for goods and services in a modern way.
Issued by the Central Committee of the Communist Party of China and the State Council, the guideline emphasizes the optimization of goods trading, the revitalization of services trade, and the support of digital trade innovation. Key measures include establishing white list systems for imported medical research items and food with medicinal values, alongside the adoption of digital bills and signatures. 🚀
Moreover, efforts to liberalize and facilitate investment are expected to attract more overseas capital, while promoting the integration of innovation chains with industrial chains. The guideline also seeks to expand international sci-tech exchanges and cooperation, and to ease cross-border data flow and financial opening up.
This forward-thinking approach is paving the way for building a modern industrial system, creating advanced industrial clusters, and fostering coordinated industry development. The changes promise to make the Chinese mainland a vibrant hub for trade and innovation, inspiring growth and collaboration across borders.
Reference(s):
China rolls out guideline on upgrading pilot free trade zones
cgtn.com
