After over two months’ development, 12 regions such as Dongguan City, Guangdong Province and Shanghai Pudong New Area, have filed the implementation plans for the construction of comprehensive pilot areas for new open-economy system, said Shen Danyang, spokesperson of the Ministry of Commerce (MOFCOM), at the regular press conference on July 19.“Implementation plan of each pilot region has set out a series of reform and innovation measures closely surrounding the goal of ‘new mechanism for market-oriented resource allocation, new model for economical operation and management, new landscape for all-round opening, and new advantage in international competition and cooperation’,” said Shen.
With respect to the exploration in the new model for open economical operation and management, it is learnt that pilot regions actively promote reform on administrative approval system, open facilitating system, foreign affair management system and public service system, to advance pilot works by the ruling of law.
In terms of researching new mechanism for collaborative opening of various development zones (parks), pilot regions in general consolidate priority policies for various parks, innovate mechanism of the development system of parks, to release the “integration effect” of pilot reform. Dalian Jinpu New Area proposes resource sharing among different functional zones, and Shaanxi Xixian New Area proposes new mechanism of dislocation development.
For the purpose of exploring and advancing new model for international investment and cooperation, each pilot region promotes reform to streamline procedures, open wider and provide services for foreign investment projects, to reform the work mechanism for inviting investment, facilitate overseas investment, and find new ways for international production cooperation. Shanghai Pudong New Area proposes to take measures to open the service and manufacturing industries wider in the free trade zone. Tangshan City proposed to combine de-capacity with international production capacity cooperation in its competitive industries such as iron and steel, cement, coal and equipment manufacturing industries.
As to the establishment of new quality and efficiency oriented foreign trade promotion system, each pilot region emphasizes providing “one-stop-service” for international trade, and fostering self-owned foreign trade brands and overseas marketing systems.
In regard to new measures for opening economy in the financial service sector, some pilot regions promote the establishment of regional financial risk forecasting and warning platform, innovating and developing special financial products and services. Shanghai Pudong New Area proposes to explore the establishment of trans-department financial risk monitoring and warning platform. Suzhou Industrial Park plans to build overseas investment mechanism, and set up cross-border cooperation industrial fund with the preliminary scale of 1 billion U.S. dollars.
As to the formation of new landscape for all-round opening, each pilot region can develop the two-way opening landscape by co-building and sharing industries, parks, platforms and think tanks and improving communication promoting mechanism in economy and trade, technology and people-to-people exchange.
“In the next step, the MOFCOM will work together with the National Development and Reform Commission (NDRC) to give instructions to pilot regions, to gradually implement the implementation plans and strive to achieve results as early as possible,” said Shen.
Translated by Adam
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