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Original title: 21 free zones have formed a new opening pattern. The 14th Five-Year Plan will create a new opening plateau
Our reporter Chang Xiaoyu
The “Securities Daily” reporter learned about the press conference on the construction of the China (Zhejiang) Pilot Free Trade Zone held by the Information Office of the Zhejiang Provincial Government on November 25 that the Free Trade Office of Zhejiang, together with the relevant departments, prefectures and cities, drafted the draft of “China (Zhejiang) The Implementation Plan for Deepening the Reform and Opening in the Pilot Free Trade Zone (hereinafter, the Implementation Plan), “Various Views on Supporting High-Quality Development of China (Zhejiang) Pilot Free Trade Zone.”
The “Implementation Plan” has both qualitative objectives and corresponding quantitative objectives. Regarding the establishment of main objectives, focused on turning the pilot free zone into a regional economic growth pole, it is proposed that the GDP growth rate and the growth rate of R&D spending in the pilot free zone are higher by 2 percentage points to the provincial average. The growth rate of the total use of foreign capital was 3 percentage points higher than the average for the province.
Dong Zhongyun, chief economist at AVIC Securities, said in an interview with “Securities Daily” that the expansion of the Zhejiang Pilot Free Trade Zone “improves” and is expected to introduce a number of empowerment heavyweights. , talent, investment, finance and taxes, and land. Policies to further enhance the liberalization and facilitation of investment and trade in Zhejiang Province, accelerate the development of key industries such as oil and gas, shipping, logistics, digital economy and advanced manufacturing in the Zhejiang province, and help Zhejiang province to become a pioneer area leading the high-quality development of an open economy AND growth pole.
The three pilot free trade zones in Beijing, Hunan and Anhui, which were inaugurated in late September, have become the three newly expanded “members” in the pilot free trade zones in China. So far, after five expansions, China has established 21 pilot free trade zones, forming a new comprehensive openness pattern covering east, west, south, north and center, has replicated and promoted 260 institutional innovations across the country and it has played a role as a pilot field for reform and opening up.
“A large number of institutional innovations can provide important experience and reference for deepening reform and openness across the country.” Dong Zhongyun analyzed, from the perspective of the development of the pilot free trade zone, increased investment and commercial freedom and convenience have a huge impact on foreign investment. Attractive. According to data from the Ministry of Commerce, in 2019 there were 6242 foreign-financed companies in 18 pilot free trade zones, using foreign capital of 143.6 billion yuan, which is less than four thousandths of the area of the country and foreign investment made. it represents more than 15% of the country. At the same time, preferential policies have also attracted various internal resources to meet in the pilot free trade zone, boosting local economic development and boosting employment and consumption.
Zheng Lei, director of the China Policy and Economic Behavior Research Center at the International Institute of New Economics, added in an interview with a Securities Daily reporter that the pilot free trade zone is currently not only able to “flourish in everywhere “in space, but also achieves comprehensive coverage of Beijing, Tianjin and Hebei. And it moves into a wider field, a broader field, a deeper level, and a higher level of openness.
The “Proposals of the Central Committee of the Communist Party of China on the formulation of the fourteenth five-year plan for national economic and social development and long-term goals for 2035” propose the establishment of a new open high-level economic system. Comprehensively improve the level of openness to the outside world, promote trade and investment liberalization and facilitation, promote innovation and trade development, and improve the overall competitiveness of foreign trade. Improve national treatment plus the negative list management system for foreign investment, expand the opening of the service industry in an orderly manner, protect the legitimate rights and interests of companies financed with foreign funds in accordance with the law, improve the laws, policies and service systems that promote and protect foreign investment, and firmly safeguard the legitimate rights and interests of Chinese companies abroad. , For high-quality presentation and high-level output. Improve the design of the pilot free trade zone, grant it greater reform autonomy, constantly promote the construction of the Hainan Free Trade Port, and build a new plateau for opening.
Dong Zhongyun, who looks forward to the development of pilot free trade zones during the “XIV Five-Year Plan” period, said that measures to accelerate and expand the construction of pilot free trade zones have recently been continuously introduced, showing that promoting China’s high-level opening-up through pilot free trade zones will become a new pattern of development for China. At the same time, it will also serve as an important starting point to further enhance the endogenous driving force of China’s high-quality economic development.
“It is expected that during the period of the ‘XIV Five-Year Plan’, on the one hand, more central and western provinces will establish pilot free trade zones; on the other hand, more regions will expand and upgrade the existing pilot free trade zones to enhance the strength driver of local economic development. Dong Zhongyun believes that, although localities will explore the distinctive development models characteristic of pilot free trade zones based on local conditions, they will continue to increase the freedom and convenience of trade and investment through policy reforms and will promote the free flow of various elements. Optimizing the configuration is the common goal of all pilot free trade zones. With this as a basis, the pilot free trade zone can form a new plateau to open up and play a role most important in the construction of a new development pattern with the domestic cycle as the main body and the double national and international cycles promoting each other.
“Recently, the Chinese government signed the Regional Comprehensive Economic Partnership Agreement with the ten ASEAN countries, Japan, South Korea, Australia and New Zealand. All pilot free trade zones across the country should take the initiative to do adjustments according to the requirements of the agreement as soon as possible, and seize this as an opportunity. Continue to expand trade with these countries, “Zheng Lei said.
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