A raft of measures was taken for pilot FTZs to create a more investor-friendly business environment in support of fair competition.
The negative list for foreign investment, for instance, has been widely adopted in pilot FTZs to broaden market access. Over the past five years, the negative list has been shortened from 190 to 45 items in Shanghai pilot FTZ.
Application and trade convenience have been largely improved in pilot FTZs. In Chongqing pilot FTZ, the time for getting a new enterprise approved has been shortened from 20 working days to a matter of three hours.
Liaoning pilot FTZ, the only pilot FTZ in northeast China, upgraded the processes for examination and approval in the port of Dalian to facilitate circulation of goods, with the cost for customs clearance slashed by 10 percent.
"After introducing pilot FTZs, the competition between local governments has gradually shifted from GDP growth to reforms," said Yin Chen, a researcher with the Shanghai-based Fudan University.
So far, about 123 measures first tested in pilot FTZs have been gradually promoted and adopted nationwide, and more new reform measures will be made, said the Ministry of Commerce.
【国内英语资讯:Economic Watch: From coast to inland: pilot FTZs advancing Chinas opening-up and reform】相关文章:
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2020-09-15
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