Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    China goes all out to lift opening-up to a new level

    Xinhua | Updated: 2018-06-27 13:29
    Share
    Share - WeChat
    Vehicles await inspection at the import port of China Customs in Haikou, Hainan province. [Photo provided to China Daily]

    BEIJING - China has taken solid steps in promoting its opening-up by lowering import tariffs and easing market access, while new measures on intellectual property protection and a new negative list for market access of foreign investment are in the pipeline.

    From July 1, China will cut import tariffs on vehicles and auto parts. For cars, the 25-percent tariff levied on 135 items and the 20-percent duty on four items will both be cut to 15 percent. The items cover passenger cars and certain trucks. Import tariffs on 79 auto parts will all be reduced to 6 percent from the current levels of 8-25 percent, the Ministry of Finance has announced.

    The move came after China's exemption of import tariffs on all common drugs including cancer drugs, cancer alkaloid-based drugs, and imported traditional Chinese medicine starting from May 1 this year.

    These are only part of a slew of substantial measures China recently announced, as the country promised to significantly broaden market access.

    In 2017, China reduced import tariffs on 187 types of consumer goods, including coffee makers, smart toilet seat covers, electric toothbrushes, mineral water and oral cleaning kits. In 2016 and 2015, the country slashed import tariffs on 787 and 749 types of goods, respectively.

    China "will actively expand imports, host the first China International Import Expo, and lower import tariffs on automobiles, some everyday consumer goods, and so on. We will open our market wider to promote industry upgrading and more balanced development of trade to provide Chinese consumers with a broader range of choices," said Premier Li Keqiang in the government work report delivered in March.

    A timetable for China to further open its financial sector was also disclosed by Chinese leaders during the Boao Forum for Asia annual conference in Hainan province in April. A number of landmark measures are to be launched this year, according to statements made at the forum.

    On services, financial services in particular, an important announcement was made at the end of last year on measures to raise foreign equity caps in the banking, securities and insurance industries.

    China will ensure that these measures are materialized and at the same time make more moves toward further opening up, including accelerating the opening-up of the insurance industry, easing restrictions on the establishment of foreign financial institutions in China and expanding their business scope, and opening up more areas of cooperation between Chinese and foreign financial markets.

    Wang Zhigang, a researcher with the Chinese Academy of Fiscal Sciences, believed that "easing restrictions on the establishment of foreign financial institutions in China and expanding their business scope" could bring about a "catfish effect," which will push forward the reform and innovation of the financial sector.

    Furthering the open-up of the country's financial sector will accelerate the reshuffling of the industry, help optimize the structure and improve the efficiency, turn high savings into effective investment and promote the quality of financial services, according to Wang.

    During the opening-up process, China needs to strike a balance between innovations and risks and strengthen supervision, Wang warned, noting that domestic financial institutions should speed up internal reform to improve their abilities to defuse risks.

    China has also pledged to enhance intellectual property protection, a voluntary step taken in accordance with its commitment to the World Trade Organization and aimed at improving the market economy, said Yang Changyong, a senior researcher from the Chinese Academy of Macroeconomic Research.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    乱人伦中文视频高清视频| 精品久久久无码中文字幕| 无码粉嫩小泬无套在线观看| 好硬~好爽~别进去~动态图, 69式真人无码视频免 | 一本一道色欲综合网中文字幕| 国模无码一区二区三区不卡| 成人无码免费一区二区三区| 在线日韩中文字幕| 无码人妻一区二区三区免费视频| 无码精品久久久天天影视| 中文字幕国产| 中文字幕在线观看免费视频| 亚洲av无码不卡私人影院| 国产精品无码a∨精品| 性无码免费一区二区三区在线| 在线天堂中文新版www| 在线中文字幕播放| 一本大道香蕉中文在线高清 | 狠狠躁天天躁无码中文字幕| 韩日美无码精品无码| 最近中文字幕大全免费视频| 欧美乱人伦人妻中文字幕| 高清无码中文字幕在线观看视频| 国产V亚洲V天堂无码久久久| 日韩精品无码一区二区三区| 亚洲AV无码乱码国产麻豆穿越 | 亚洲av无码片在线播放| 亚洲中文字幕无码日韩| 国产日韩AV免费无码一区二区| 中文字幕一区二区三区永久| 无码av高潮喷水无码专区线| 麻豆AV无码精品一区二区| 炫硕日本一区二区三区综合区在线中文字幕 | 国产台湾无码AV片在线观看| 无码夫の前で人妻を侵犯| 高清无码v视频日本www| 亚洲av永久无码精品网站| 无码国产午夜福利片在线观看| 无码中文字幕日韩专区视频| 无码精品国产一区二区三区免费 | 日韩精品中文字幕无码一区|