The State Council issued the overall plan for free trade pilot zones in six provinces including Hebei

Published: 2019-08-26    Source:

According to CCTV news, the State Council recently issued the "Overall Plan for China (Shandong), (Jiangsu), (Guangxi), (Hebei), (Yunnan), and (Heilongjiang) Free Trade Pilot Zones".

The "Overall Plan" points out that the establishment of free trade pilot zones in six provinces and regions, including Shandong, Jiangsu, Guangxi, Hebei, Yunnan, and Heilongjiang, is a major decision made by the Party Central Committee and the State Council, and a strategic measure to promote reform and opening up in the new era. We must be guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to new development concepts, adhere to high-quality development, actively serve and integrate into major national strategies, better serve the overall strategic layout of opening up, and build the free trade pilot zone into a new highland for reform and opening up in the new era.

The "Overall Plan" proposes differentiated reform pilot tasks with different focuses. The Shandong Pilot Free Trade Zone has proposed specific measures to cultivate new trade formats and models, accelerate the development of marine specialty industries, and explore local economic cooperation among China, Japan, and South Korea. The Jiangsu Pilot Free Trade Zone has proposed specific measures to improve the level of overseas investment cooperation, strengthen financial support for the real economy, and support the innovative development of the manufacturing industry. The Guangxi Pilot Free Trade Zone has proposed specific measures to smooth international channels, create a pilot demonstration zone for cooperation with ASEAN, and create a gateway port for land and sea connectivity in the west. The Hebei Pilot Free Trade Zone has proposed specific measures to support international commodity trade and support the open development of biomedicine and life and health industries. The Yunnan Pilot Free Trade Zone has proposed specific measures to innovate border and cross-border economic cooperation models and increase international cooperation in the field of science and technology. The Heilongjiang Pilot Free Trade Zone has proposed specific measures to accelerate the transformation and upgrading of the real economy and build a transportation and logistics hub for Russia and Northeast Asia.


Author: Editor

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