BEIJING, Jan. 2 -- China will introduce measures to upgrade its comprehensive bonded zones in line with advanced international standards to promote trade and investment facilitation, sustain steady growth in foreign trade and investment, and nurture new competitive advantages, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday.
The Chinese government places high importance on the development of the comprehensive bonded zones and other forms of special customs supervision areas.
Premier Li Keqiang repeatedly called for efforts to expand and upgrade opening-up, substantively enhance trade facilitation and improve the business climate for overseas investors.
In the first three quarters of 2018, the imports and exports in China's special customs supervision areas, comprehensive bonded zones included, reached 3.668 trillion yuan (535 billion U.S. dollars), up by 11.8 percent year-on-year and accounting for 16.5 percent of the country's total foreign trade in the same period.
These special areas have also attracted investment from many leading global manufacturers and created over two million jobs.
"The comprehensive bonded zones have served as a window in China's opening-up. Their special and important role in sustaining the steady growth of foreign trade and investment must be fully harnessed. We should also encourage these zones to actively expand the domestic market," Li said.
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