Permanent Supporters

Current Location:Home >

What's on

The service industry saw new opportunities from the opening-up with the set-up of new free trade zones

China's pilot free trade zones will witness an increase in number. On August 26, the State Council issued six overall plans for the establishment of new pilot free trade zones in Shandong, Jiangsu, Guangxi, Hebei, Yunnan and Heilongjiang. Since then, the number of free trade zones in China will increase to 18, realizing the full coverage of free trade zones in coastal provinces in China.

Speaking of the opening-up of free trade zones and trade in services, Yan Ligang, Director-General of Beijing Municipal Commerce Bureau, said at the "Open Shunyi" - Press Conference on Comprehensive Pilot of Further Opening-up Beijing's Service Sector held during this CIFTIS that "The comprehensive pilot cities of Beijing's service industry opening-up, together with the pilot free trade zones and the liberalization of Guangdong-Hong Kong-Macao trade in service, constitute the "three drivers" of pilot of China's service industry opening-up, and is a part of China's important practice and pattern for further opening-up." Over the past four years, the comprehensive pilot cities of Beijing's service industry opening-up have formed a series of optimal demonstration cases nationwide. Single window, single form and online transaction are firstly initiated by comprehensive pilot cities in Beijing. Last year, Beijing's services sector accounted for more than 81% of GDP, the foreign investment of 16.7 billion dollars was attracted, an increase of 1.85 times compared with that before the pilot. Beijing's service trade accounts for over 30% of the total trade, far higher than the national average. With the gradual liberalization of many fields, the pilot expansion of Beijing's service industry has also brought more investment opportunities and broader development space for enterprises, and more convenience and choices for the life of common people.