Grand Release|Authoritative Interpretation on Policies on Beijing’s New Round of Further Opening up Service Sector Released

Source:Organizing_Committee    |      Date:2020-09-16

  Recently, the State Council Information Office held a regular briefing on the State Council’s policies. Wang Shouwen, Vice Minister of Commerce and Deputy China International Trade Representative, Yang Jinbai, Vice Mayor of the People's Government of Beijing Municipality, Zong Changqing, Director of Department of Foreign Investment Administration, Ministry of Commerce, Yan Ligang, Director of Beijing Municipal Commerce Bureau, respectively introduced the relevant situation of the Work Plan on Deepening the New Round of Integrated Pilot Programs for Further Opening up the Service Sector in Beijing and Building a National Demonstration Zone for Further Opening up the Service Sector.

  Enter a new stage of overall upgrading

  Wang Shouwen, Vice Minister of Commerce and Deputy China International Trade Representative:

  The State Council recently approved the Work Plan on Deepening the New Round of Integrated Pilot Programs for Further Opening up the Service Sector in Beijing and Building a National Demonstration Zone for Further Opening up the Service Sector (“Work Plan”), marking that the integrated pilot program of further opening up the service sector in Beijing has entered a new stage of overall upgrading. The Work Plan fully implements the spirit of General Secretary Xi Jinping's important speech, and puts forward 26 opening-up and innovation measures from four dimensions, including key industries, key parks, institutional systems and supply of factors.

  Strive to set demonstration example in four aspects

  Yang Jinbai, Vice Mayor of the People's Government of Beijing Municipality:

  Beijing will strive to set an example in four aspects to offer more experiences that can be replicated and promoted across China. First, we will lay stress on exploring innovation in key areas to set an example in the pattern of service-led opening-up. Second, we will focus on the breakthrough of "industrial opening-up + park opening-up" to set an example in opening-up model. Third, we will emphasize on building a long-term mechanism to set an example in institutional innovation system, supply of factors and other opening-up environmental factors. Fourth, we will promote interconnected innovation in further opening up the service sector and building pilot free trade zones, to set an example in opening-up mechanism.

  Achieve double-digit growth in service sector by attracting foreign investment

  Zong Changqing, Director of Department of Foreign Investment Administration, Ministry of Commerce:

  Owing to the accelerated opening-up of the service sector, the foreign investment attracted by China's service sector has achieved a double-digit growth this year, providing important support for stabilizing foreign investment. From January to August this year, there were 22,602 new foreign-invested enterprises in China, and the actual use of foreign capital reached RMB 619.78 billion, a year-on-year increase of 2.6%. There were 20,079 new foreign-invested enterprises in the service sector, accounting for 88.8% of the total number of new foreign-invested enterprises in China. The actual use of foreign investment in the service sector was RMB 476.61 billion, an increase of 12.1% year-on-year, accounting for 76.9% of China's actual use of foreign investment.

  Focus on digital economy, financial services and other fields

  Yan Ligang, Director of Beijing Municipal Commerce Bureau:

  In the Work Plan, there are 26 major tasks in four aspects, one of which is to promote the development of digital economy and digital trade. In the next step, in promoting a national integrated demonstration zone for greater openness in the services sector and boosting the innovative development of trade in services, we will also integrate with the construction of science and technology innovation center, especially with the development of digital economy, and jointly drive the development of digital trade. At the same time, opening up the financial service sector remains the top priority. Of the more than 120 policies, 29 are relevant to financial services, accounting for nearly a quarter of the total.

  The 2020 China International Fair for Trade in Services (“CIFTIS”) co-hosted by the Ministry of Commerce and the People’s Government of Beijing Municipality was held on September 4-9 in Beijing. As the first major international economic and trade event held both online and offline in China since the outbreak of COVID-19, the 2020 CIFTIS was full of highlights and fruitful achievements. A total of 22,000 companies and organizations from 148 countries and regions participated in the online and offline exhibitions, 190 forums and business talks were organized, 97 authoritative release achievements, 19 alliance platforms achievements and 99 innovations achievements were released, giving full play to the important roles of the CIFTIS as a window for further opening-up, a stage for leading innovation, a bridge for deepening cooperation, and a platform for promoting development, bringing important impetus to the global economic recovery.

  

  At the promotion event — "Beijing Theme Day • Lead to Openness" held during the 2020 CIFTIS, Yan Ligang, Director of Beijing Municipal Commerce Bureau, announced on the spot Beijing's work plan on building a national integrated demonstration zone for further opening up the service sector. It is learned that this was the fourth version approved by the State Council on the basis of the first three versions of the integrated pilot program for further opening up the service sector.

  

  According to the introduction, this version of Work Plan is of the basic structure of “1+2+4”. "1" refers to the innovative proposal to build a national integrated demonstration zone for further opening up of the service sector. This is not only the general requirement for Beijing's service industry to open wider, but also the goal defined by the government for the opening-up and development of Beijing's service industry. “2” defines the two five-year development goals for 2025 and 2030. “4” means four major tasks. That is to promote the deepening of reform and opening-up in key areas of the service sector, build demonstration for further opening up the service sector in key parks, form a system of institutional innovation in line with international standards, and optimize the supply of factors for the opening-up and development of the service sector. In addition, more than 120 policies and measures for opening-up and reform have been determined around the four major tasks.

  Yan stressed that Beijing would further deepen reform and opening-up in key areas of the service sector, further explore new experiences and set new demonstration examples for greater openness of national service sector in terms of the pattern, environment, model and mechanism of opening-up, so as to better serve China’s overall opening-up.