The 2019 edition of negative list for foreign investment applicable to the pilot free trade zones must be fully implemented, and related laws and regulations should be speedily adjusted accordingly.
Concrete measures were proposed at the meeting for innovation in trade facilitation. Pilot programs in competition policy will be launched in the zones as part of efforts to level the playing field. The government will step up exploration of measures in widening market access, especially in opening the services sector, in the zones, with a view to gaining experience for businesses to participate in-depth in global competition and for realizing opening up at a higher level.
At the same time, reform and innovation in pilot zones will be better leveraged to facilitate the development of their host cities and the surrounding regions.
"Nowadays, globalization, free trade and multilateralism have experienced some disruptions. Yet China's commitment to opening up as the general direction remains unchanged, and steps for wider opening will be better delivered," Li said. "We have made arduous efforts to this end in the past 40 years, and going forward, we will be as steadfast in pursuing opening up. What has happened shows that China's opening up has benefited the world, and boosted its own development."
The Wednesday meeting also studied supportive measures for cross-border e-commerce.
The past few years have seen robust growth of cross-border e-commerce, which has become a prominent highlight in foreign trade.
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