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November 5, 2020 | Issue 2020-46 Click to Subscribe

President Xi announces new measures for expanding opening up

Chinese President Xi Jinping announced new measures for expanding all-round opening up in his keynote speech at the opening ceremony of the third China International Import Expo (CIIE) held in Shanghai on Wednesday, November 4. (Read full text of President Xi's keynote speech) China will nurture new pacesetters of opening up, pursue creative ways to grow foreign trade, keep improving its business environment, and pursue deeper bilateral, multilateral and regional cooperation. Here are some highlights.

Continue to leverage the pioneering role of pilot free trade zones and free trade ports in steering opening up Introduce a negative list for cross-border services trade Open wider in areas like digital economy and the internet Deepen reform and innovation in trade and investment liberalization and facilitation Make institutional innovations to support an open economy of higher standards.

Continue to support foreign companies in exploring business opportunities in China Tap into the growth potential of foreign trade with a view to boosting growth in international trade and the world economy Encourage cross-border e-commerce and other new business forms and models to foster new drivers of foreign trade Shorten the catalog of technologies prohibited or restricted from import to create a favorable environment for the free flow of technologies across borders Video: President Xi's keynote speech

Continue to make China's foreign-related legal framework more open and transparent Strengthen intellectual property protection Better protect the lawful rights and interests of foreign investors and provide them with more high-quality services to further improve the business environment Stand ready to sign high-standard free trade agreements with more countries in the world Take an active part in WTO reform and in cooperation at the United Nations, the G20, APEC, BRICS and other fora. Work with related countries to promote high-quality Belt and Road cooperation and build a community with a shared future for mankind

CG Zhang Ping on Twitter What eye catching products will be highlighted at CIIE and what will be debuted in Chinese market? Click the picture above to find out!  Recommended to watch on smartphones for better experience.

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