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REPORT ON THE WORK OF THE GOVERNMENT (24)

(People's Daily Online)    15:04, March 17, 2016

■We will develop innovative ways to promote foreign trade.

Faced with continuously weak foreign demand, we need to take a combination of measures to stop the decline in imports and exports.

First, we will move faster to improve and implement policies.

We will improve the structure of export tax rebate rates, ensure rebates are paid promptly and in full, and crack down on fraudulent claims. We will increase short-term export-credit insurance and provide export financing insurance for all insurable complete sets of equipment.

Second, we will encourage innovative business models.

We will expand trials in cross-border e-commerce, support enterprises in developing overseas warehouses for export products, and promote the development of enterprises that provide comprehensive foreign trade services.

Third, we will improve the trade mix.

We will launch trials to create innovative ways of developing trade in services,see that more cities become trendsetters in providing foreign outsourced services, and accelerate the development of foreign trade in cultural goods and services. We will further integrate and improve special customs regulation zones,and encourage processing trade to move to the central and western regions and extend to the medium-high end of the industrial chain.

Fourth, we will further facilitate trade.

We will see that the single window system is implemented for international trade nationwide.We will reduce the frequency of inspections for exports.

Fifth, we will adopt a more proactive import policy.

We will increase the import of advanced technology and equipment, key spare parts and components, and energy and raw materials in short supply in China.

We will work to make better use of overseas investment.

We will continue to relax market access restrictions on investment, further open the service sector and the general manufacturing sector, simplify procedures for establishing companies with overseas investment, and step up efforts to attract more investment. We will create new models of opening up for inland and border areas, develop new overseas-oriented industrial clusters, and encourage more overseas investment in the central and western regions. Pilot free trade zones will be established in more parts of the country. We will improve the systems and mechanisms for governing development zones. With these efforts, China’s investment environment will become even more fair, transparent, and predictable, and China will be able to maintain strong appeal and serve as a favorite destination for overseas investment.

We will accelerate implementation of the free trade zone strategy.

We wish to actively negotiate and sign the Regional Comprehensive Economic Partnership agreement. We will help speed up negotiations on the establishment of the China-Japan-RoK free trade area. We will work to make progress in negotiations on investment agreements between China and the United States and between China and the European Union. We will help strengthen collective strategic research on the Free Trade Area of the Asia-Pacific. China wishes to work with all interested parties to move ahead with trade and investment liberalization and establish an international economic and trade system that is balanced, inclusive, and beneficial for all.


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(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Ma Xiaochun,Bianji)

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