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Beijing Daily :(Zhuang Rui) Free Trade Zone Provides a Bigger Stage for Innovation in Beijing

作者:IIE  来源:本站  发布日期:2020-10-25

 

    The Overall Plan for the China (Beijing)Free Trade Zone (hereinafter referred to as the Plan) was released on the Website of the Government of China yesterday. The State Council Information Office held a press conference yesterday afternoon to read and understand the plan. The Beijing Free Trade Zone will open up more to international advanced rules and carry out institutional opening such as rules, regulations, management and standards.

      Greater autonomy in reform will lead to more institutional innovations

  The state grants the Beijing Free Trade Zone greater autonomy in its reform, in order to conduct differentiation to explore, to form more internationally competitive system innovation. And we will strive to build a high-standard and high-quality Free Trade Zone that is convenient for trade and investment, has an excellent business environment, a first-rate ecological environment for innovation, a cluster of high-end industries, improved financial services, active international economic exchanges, safe and efficient supervision, and plays a prominent role in promoting trade and investment.

  Further opening up of the service sector and highlight new features of the digital economy

  In 2019, the service sector accounted for 83.5% of Beijing's GDP, nearly 30 percentage points higher than that of the whole country. Beijing will implement more than 40 measures in the following three areas, namely, deepening openness and innovation in the financial sector, meeting the demand for high-quality cultural consumption, and optimizing the development of aviation services, to further open up the service sector and build a comprehensive demonstration zone for further opening up the national service sector to high standards.

  To highlight the features of the FTZ in the digital economy, Beijing is breaking down the pilot tasks in the FTZ, including the field of digital economy, making implementation measures one by one, further clarifying the timetable and road map, and building an internationally competitive information industry and digital trade port.

  We will deepen the coordinated development of the Beijing-Tianjin-Hebei region and build a high-level platform for opening up

  The Free Trade Zone will also explore a new path for the coordinated development of the Beijing-Tianjin-Hebei region and turn the zone into a new platform for industrial cooperation by deepening the coordinated development of the industrial chain. Relevant officials of the municipal government said that they will give full play to the carrier and link role of the Beijing Free Trade Zone and the Daxing Airport area of the Hebei Free Trade Zone, and build a high-level open platform for the coordinated development of the Beijing-Tianjin-Hebei region with a high starting point and high standards.

  The Free Trade Zone provides a bigger stage for Innovation in Beijing

  “The Free Trade Zone is a comprehensive platform for opening up to the outside world, covering both trade in goods and services. It is an all-round opening up.”Zhang Jianping, director of the Regional Economic Cooperation Research Center of the Ministry of Commerce, said the establishment of the Free Trade Zone will not only promote the institution-oriented opening up of Beijing, but also play a leading role in the high-quality integration of Beijing, Tianjin and Hebei. Meanwhile, Beijing will also play a positive role in the Belt and Road Initiative to promote the development of globalization.

  Zhuang Rui, deputy dean of The Institute of International Economics, University of International Business and Economics, and special researcher of Beijing Institute of Opening up said, “The Free Trade Zone is a higher and better platform for Beijing, which plays a very important role in the opening up of the service sector, because it provides more space for experimentation and a stage for innovation.”

  According to the plan, the Free Trade Zone in Beijing covers three areas: science and technology innovation area, international business service area and high-end industry area. Zhuang Rui believes that the layout of the three districts has fully considered the characteristics and advantages of Beijing. "Because Beijing has unique advantages in research and development, science and technology, talent, culture and other fields, considering such advantages, the multi-area layout can help Beijing make some new breakthroughs and attempts in corresponding fields, accumulate some experience that can be copied and promoted, and serve the country's high-quality development."

  Zhuang Rui analyzed that, from the perspective of promoting industrial development, the layout of Beijing pilot free Trade Zone focuses on high-end industries, which also reflects the industrial direction of high-quality development of the country. Beijing is supported to make more innovations in these industries, which can actively promote the further development of the country in related fields.

  Article source:

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