Ten years of sharpening a sword, daring to be the first in the world - China's free trade zone construction has delivered impressive "transcripts"
2023-08-03
Since the official establishment of the Shanghai Pilot Free Trade Zone in September 2013, the construction of China's pilot free trade zone has gone through ten years. Over the past decade, China has formed a "wild goose formation" with 21 pilot free trade zones and Hainan Free Trade Port, building a reform and opening up innovation pattern covering the east, west, north, south, and central regions. Ten years of hard work and development, Butterfly Transformation is moving towards the future. Standing at a new historical starting point, the construction of free trade pilot zones ushers in new opportunities and will continue to inject surging vitality into the high-quality development of China's economy. American Yabao, a new highland for attracting foreign investment, set up Guangxi Yabao Lithium Industry Co., Ltd. in Qinzhou Port Area of Guangxi Pilot Free Trade Zone with an investment of 200 million dollars last October. That year, it completed the production of 2022 tons of Lithium hydroxide, realized a total industrial output value of 1 billion yuan, and paid 17 million yuan of taxes. When it comes to the reasons for investing in Qinzhou, Zou Ling, the production and operation director of Guangxi Yabao Lithium Industry Co., Ltd., stated that there are opportunities for the construction of the Western Land Sea New Channel and the Peace Land Canal here. Under the radiation of the dividends of sea rail intermodal transport integration reform in the pilot free trade zone, foreign trade goods can be exported to Vietnam, Thailand, Malaysia and other places without changing boxes in the Gulf of Tonkin Port, which greatly facilitates the company's expansion of overseas markets such as ASEAN. In addition, the pilot free trade zone provides strong support for settled enterprises in terms of taxation, foreign investment, talent, and other aspects. Helped us implement employee accommodation issues within one day and solved the company's worries, "said Zou Ling. According to data from the Ministry of Commerce, the pilot free trade zone has made positive contributions to the development of foreign trade and foreign investment. In 2022, the 21 pilot free trade zones achieved a total import and export volume of 7.5 trillion yuan, a year-on-year increase of 14.5%, accounting for 17.8% of the national total; The actual use of foreign investment exceeds 220 billion yuan, accounting for 18.1% of the country's total. In the first half of this year, the actual use of foreign investment in 21 pilot free trade zones continued to steadily increase, with the actual use of foreign investment in high-tech industries increasing by 21.2% year-on-year. Yang Tao, Director of the Comprehensive Department of the Ministry of Commerce, said that "the pilot free trade zone has attracted 18.4% of the country's foreign investment with less than four thousandths of its land area." Behind the leapfrog development of the pilot free trade zone is the support of institutional innovation. Over the past decade, China's pilot free trade zones have accumulated 278 institutional innovation achievements, covering various fields such as investment facilitation, trade facilitation, financial openness and innovation, and in process and post supervision. The "2022-2023 China Pilot Free Trade Zone Institutional Innovation Index" recently released by the Free Trade Zone Comprehensive Research Institute of Sun Yat-sen University shows that the overall average score of China's 54 free trade zones' institutional innovation index is 78.03 points, up from 76.7 points last year. Over the past decade, free trade pilot zones in various regions have carried forward the spirit of "bold exploration, bold experimentation, and independent innovation", continuously innovating measures, and continuously improving the business environment. In 2013, the Shanghai Free Trade Zone launched China's first negative list of foreign investment in the pilot free trade zone. Soon, the practice of negative lists spread to all free trade zones and the whole country, and continued to be reduced. Starting from January 1, 2022, the negative list of foreign investment access in the new version of the Pilot Free Trade Zone has been further reduced to 27, with a reduction ratio of 10%. Among them, the manufacturing sector has achieved zero entry. Currently, China has
Edit：He Chuanning Responsible editor：Su Suiyue
Source：Xinhua
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