China's Chongqing Shares Growth Dividends after A Year into Comprehensive Pilot Program for Sevice Sector Opening
PR96140
CHONGQING, May 23, 2022 /Xinhua=KYODO JBN/--
In mid-May, a press conference was held to introduce Chongqing's first annual
report on the Comprehensive Pilot Program for Service Sector Opening.
Chongqing is located in China's western region which is home to 400 million
people and one of the country's most promising areas. Statistics showed that
the total value of Chongqing's foreign trade has grown from 53.2 billion US
dollars in 2012 to over 120 billion in 2021, setting a record high, according
to Chongqing Municipal Commission of Commerce. In recent years, Chongqing has
been approved to implement pilot projects of FTZ, comprehensve innovative
development of trade in services, service sector opening and international
consumption central city.
As one of the five provincial-level regions in China and the only one in
central and western China which has been added to the Comprehensive Pilot
Program for Service Sector Opening, Chongqing has been focusing on building
inland modern service industry development pilot zone, strengthening top-level
design and system integration, and making steady progress in sevice sector
opening since it has been approved as a pilot city in this regard.
After one year's innovative practice and reform exploration, Chongqing has
implemented 69 (82%) items out of the 86 tasks in the Overall Planning for
Chongqing's Service Sector Opening approved by the State Council. More than 40
pioneering reform explorations have been carried out, and 356 modern service
industry projects have been set up, driving forward the high-quality
development of service industry and Chongqing as a pacesetter of inland
opening-up.
In the past year, Chongqing has expanded and opened up its service industry in
key areas such as science and technology, trade and cultural tourism,
education, finance, health care, data, rule of law, talents, investment
facilitation, logistics and customs clearance etc.
For example, in the field of science and technology, pilot projects have been
carried out to grant researchers the ownership or long-term right of use of
their scientific and technological achievements. In the financial sector, the
QDLP pilot program was implemented and cross-border financing for science and
technology enterprieses and exchange rate hedging services come true. In the
field of logistics customs clearance, Chongqing has pioneered customs
supervision mode of bonded aviation materials with each airline as one
supervision unit. In the field of commerce, culture and tourism, innovative
pilot projects have been carried out to display and trade imported commodities.
Due to a series of institutional innovations, a number of opening-up dividends
have gradually emerged. Chongqing now ranks first in the number of new R&D
institutions in the west of China, has become the only national logistics hub
city covering water, land and air transport in China, and has built the Western
China Data Exchange Center. China(Chongqing)-Singapore Cancer Hospital, the
city's first Sino-foreign joint venture non-profit medical institution, is now
in operation. The New International Land-Sea Trade Corridor International
Consumption Center, a bonded trade exhibition center, has been established.
Chongqing's first Sino-foreign cooperative vocational school and three
Chinese-foreign cooperatively-run schools have been set up.
The opening of service industry has also become an important driver for
optimizing the business environment. Chongqing has optimized the
complaint-handling mechanism for foreign-invested enterprises, innovated the
customs tax guarantee mode, and refined the intellectual property protection
and litigation mechanism. It also established a fast track for foreign talents,
expanded the application of cross-border financial blockchain service platform,
and initiated convenient services such as online foreign exchange collection
and payment, service trade settlement business and smart customs declaration
system. All these efforts make Chongqing's business environment more
market-oriented, law-based and global-oriented.
Source: Chongqing Municipal Commission of Commerce
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