Chinese economyresearch report

White paper on the development of China’s pilot Free Trade Zone in 2020 From Sadie

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The following is the White paper on the development of China’s pilot Free Trade Zone in 2020 From Sadie recommended by recordtrend.com. And this article belongs to the classification: Chinese economy, research report.

From September 2013, the Shanghai pilot free trade zone was officially established, to the end of 2019, 18 pilot free trade zones are in full swing. The construction of pilot free trade zones covering the East, West, North and south is promoting the expansion and deepening of China’s opening up. In the new era, the pilot free trade zone takes institutional innovation as the core, speeds up the free flow of goods, services, talents, capital and information, and effectively stimulates the vitality of regional economic development with the dividend of reform and opening up, which has increasingly become an important carrier of China’s open industrial development.

There are 18 pilot free trade zones in China, including 55 districts, most of which focus on three to six industrial fields, and have initially formed an industrial pattern of “modern commerce and finance as the main industry, supplemented by strategic emerging industries”.

The data show three characteristics: effectively driving the GDP of the city, but the duration is short; effectively improving the city’s fiscal revenue; effectively improving the degree of openness, and making a significant contribution to the city’s total import and export. In order to promote the high-quality development of industries in the pilot Free Trade Zone in the new era, it is necessary to “stand up to the heaven and earth” in the overall idea, “real and virtual linkage” in the choice of industries, and “solid chain integration” in the development path.

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