China’s free trade zones have “led” the path of open development for ten years

2023-09-29

The latest statistics show that in the past 10 years, a total of 302 institutional innovations have spread from the China Pilot Free Trade Zone to the whole country. While giving full play to the "head goose" effect of institutional innovation, the free trade zone has created a vivid example of China's open development.


Since the establishment of China’s first free trade zone, the Shanghai Free Trade Zone, in September 2013, this year marks the tenth anniversary of the construction of China’s free trade zone. Recently, the theme forum for the 10th anniversary of the construction of the China (Shanghai) Pilot Free Trade Zone was held here. Many guests paid attention to the progress of the construction of the free trade zone, discussed the experience of the construction of the free trade zone, and praised the achievements of the free trade zone.


The "White Paper on the 10th Anniversary of the Construction of the China (Shanghai) Pilot Free Trade Zone" released at the forum shows that among the 302 institutional innovations in the Pilot Free Trade Zone that have been replicated and promoted at the national level, the proportion of matters originated from Shanghai's first or simultaneous pilot trials Nearly half.


From the introduction of the country’s first negative list for foreign investment access to the launch of the country’s first international trade “single window”; from the creation of the first batch of free trade accounts to the establishment of the country’s first wholly foreign-owned hospital; from the establishment of the first From a wholly foreign-owned public fund company to the establishment of the first wholly foreign-owned automobile manufacturing enterprise, the Shanghai Free Trade Zone has achieved many "firsts" in China's reform and opening up process, contributing "Shanghai experience" to comprehensively deepening reform and opening up.


"The establishment of the Shanghai Free Trade Zone is a bold and pioneering initiative." According to Rousseff, President of the New Development Ban

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