The government has embarked on a program of economic
liberalization to attract foreign investment.
政府已经启动了一项经济自由化计划以吸引外国投资。
The trade
liberalization policy has led to a significant reduction in tariffs and quotas.
贸易自由化政策导致关税和配额显著减少。
Financial
liberalization has opened up new opportunities for banks and financial institutions to operate globally.
金融自由化为银行和金融机构在全球范围内开展业务开辟了新的机遇。
The telecommunications sector is undergoing
liberalization, allowing private companies to enter the market.
电信行业正在经历自由化改革，允许私营公司进入市场。
India's labor laws are being reformed as part of its broader push towards economic
liberalization.
印度正在进行劳动法改革，作为其更广泛的经济自由化努力的一部分。
The education sector
liberalization aims to promote academic freedom and encourage competition among institutions.
教育领域的自由化旨在推动学术自由，并在各教育机构间鼓励竞争。
The airline industry was deregulated in the 1980s, marking a major step forward in air transport
liberalization."
20世纪80年代航空业进行了放松管制，标志着航空运输自由化的重大进步。
The gradual process of energy
liberalization has brought about more efficient pricing mechanisms and increased access to electricity.
能源自由化进程的逐步推进带来了更为有效的定价机制以及电力使用的增加。
The government's decision to liberalize the foreign exchange market has made it easier for businesses to conduct international transactions.
政府决定放宽外汇市场管制，使企业进行国际交易变得更加便利。
The move towards agricultural
liberalization has sparked debates about the potential impacts on small farmers and food security.
农业自由化的发展引发了关于对小农户及食品安全潜在影响的辩论。
Also being "an important measure for China to support trade liberalization and economic globalization," the CIIE practices true multilateralism and builds more open consensus, thus being particularly valuable for the economic development of today's world, Zhang said.
张说，作为“中国支持贸易自由化和经济全球化的重要举措”，进博会践行真正的多边主义，建立更加开放的共识，对当今世界的经济发展尤其有价值。
As major responsible countries, China and Germany should join hands in promoting trade and investment liberalization and facilitation, he said.
他说，中德作为负责任的大国，应该携手推动贸易和投资自由化便利化。
The CIIE is an important platform that promotes China's intent to strengthen international cooperation, and boosts trade liberalization and economic globalization, said Daniel Aylmer, managing director of IHG Greater China.
IHG大中华区董事总经理Daniel Aylmer表示，CIIE是促进中国加强国际合作、促进贸易自由化和经济全球化的重要平台。
"The current international situation is indeed somewhat complicated, but France will obviously opt for a more open stance when a choice is to be made between more trade protectionism and greater opening-up and liberalization," said French Ambassador to China Laurent Bili.
法国驻华大使洛朗·比利表示：“当前的国际形势确实有些复杂，但当在更多的贸易保护主义和更大的开放和自由化之间做出选择时，法国显然会选择更开放的立场。”。
"As shown, China will unswervingly expand high-level opening-up and continue to improve the level of trade and investment liberalization and facilitation, which will boost the confidence of French companies in the Chinese market," said Xavier Chatte-Ruols, deputy-director for Business France China.
“正如所表明的那样，中国将坚定不移地扩大高水平开放，继续提高贸易和投资自由化便利化水平，这将增强法国公司对中国市场的信心，”法国商务部中国区副主任Xavier Chatte Ruols说。
According to CQC, a subsidiary company of China Certification and Inspection Group, the establishment of the two branches will drive it to further promote the facilitation and liberalization of the supply chain for China and countries around the world.
中国认证检验集团的子公司CQC表示，这两个分支机构的成立将推动其进一步促进中国和世界各国供应链的便利化和自由化。
In the future, Nanning Customs will ramp up efforts to take better advantage of RCEP-enabled policies to lower trade barriers, promote trade and investment liberalization and facilitation, and promote trade between Guangxi and the outside world at a higher level, it said.
南宁海关表示，未来，南宁海关将加大力度，更好地利用RCEP政策，降低贸易壁垒，促进贸易和投资自由化便利化，促进广西与外部世界的贸易在更高水平上发展。
The implementation of the RCEP agreement will help facilitate trade liberalization and economic integration in the Asia-Pacific region.
RCEP协定的实施将有助于促进亚太地区的贸易自由化和经济一体化。
The speech delivers a clear message to the world that China's direction of building a new high-level open economic system will not change, and its determination to promote trade and investment liberalization and facilitation will not change.
讲话向世界传递了一个明确信息，即中国建设高水平开放型经济新体制的方向不会改变，推动贸易投资自由化便利化的决心不会改变。
"A good thing we have observed is that the Chinese opening-up policy has remained consistent and is not slowing down or backing off at all," said Iiyama, who expected the Chinese government to gradually accelerate the liberalization of cross-border capital movements as well.
伊山表示，中国开放政策一直保持连贯性，没有放慢或倒退，这是个积极现象。他预计中国政府会逐步加快跨境资本流动自由化的步伐。
"We are deeply encouraged by the continued liberalization of China's financial markets, and fully committed to investing our global resources and expertise to serve our clients and support the financial market development in China," said Park Pu, managing director of JPMorgan Chase and Co.
“我们对中国金融市场持续的开放深感鼓舞，并全力承诺投入我们的全球资源和专业技能，服务我们的客户，支持中国金融市场的发展，”摩根大通公司董事总经理朴朴表示。
The government said development of the province will first focus on liberalization and facilitation of trade and investment, followed by further optimizing the opening-up policies for the economy and institutional arrangements.
With a plan aiming at further consolidating the foundation of the real economy and enhancing economic competitiveness, a free trade port system will be "basically established" in Hainan by 2025, becoming "more mature" by 2035, with a focus on the liberalization and facilitation of trade, investment, transport and the flow of talent, capital and data.
Enhancing trade liberalization, facilitationChina will support free trade of commodities by granting zero-tariff treatment in an orderly manner and remove non-tariff barriers such as permits and quotas, Vice-Commerce Minister Wang Shouwen told a press conference on Monday.
"As a corporation engaged in the real economy, we buy what we need and sell what others want," said Ning, pointing out that this is the epitome of economic globalization and trade liberalization.
"As a corporation engaged in the real economy, we buy what we need and sell what others want," said Ning, pointing out the company is busy buying and selling at the CIIE, and this is an epitome of economic globalization and trade liberalization.
We believe the CIIE is a significant move for China to give firm support to trade liberalization and economic globalization, and actively open its market to the world.
"We believe that China's further opening-up will promote the globalization as well as the liberalization and facilitation of trade," Gu said.
The New York-based financial group will become the latest foreign bank to gain control of its investment banking business in China as the country steps up financial liberalization to give foreign companies greater access to the Chinese market.
Analysts said the move by Goldman Sachs showed that foreign banks remain bullish about the prospects of their business in China as further financial liberalization is expected to bring more business opportunities.
Liberalization of infrastructure is another important step that will help us to have greater market access, to serve more customers, to even invest ourselves in areas that were not possible.
One of the studies Shell has been participating is on the policy requirements to encourage development of natural gas in the country, some of which are happening now, including a more sensible approval regime, more investment in infrastructure, particularly in storage infrastructure, and further market liberalization and a more transparent formation of market prices.
"Liberalization of infrastructure is another very important step that will help us have greater market access, to serve more customers and even make investments ourselves in areas that were not possible," he added.
Chinese regulators have pledged further liberalization of the financial sector.
Apart from providing China with a competitive supply of LNG, ExxonMobil is also keen to partner with China to share its decades of experience in the LNG value chain, as well as insights and knowledge on gas market liberalization in other markets as China formulates its own policies and market reform plans, he said.
The reform, also known as interest rate liberalization, will improve the effectiveness of agencies providing financing and the transmission of money, and enhance access to financing for underserved sectors such as private companies, said Li Yang, director of the National Institution for Finance and Development of the Chinese Academy of Social Sciences.
This is a milestone and a step toward greater third-party access to gas infrastructure, as the company, which built the country's first LNG terminal in 2006 and currently operates nine LNG terminals nationwide, pushes ahead with energy market liberalization, it said.
CNOOC sold access to its Yuedong liquefied natural gas terminal to State-owned Zhenhua Oil and private logistics firm Longkou Shengtong Energy in September through an auction on the Shanghai Petroleum and Gas Exchange, the first auction of this kind against the backdrop that China is pushing forward the liberalization of its vast oil and gas market.
The expo, in which GE will participate in the high-end intelligent equipment exhibition area, aims to give firm support to trade liberalization and economic globalization, and actively open the Chinese market to the outside world.
During the interview, the Swiss reinsurance chief shared his views on China's economic transition, the liberalization of the Chinese insurance sector and Swiss Re's roles in areas such as renewable energy, agriculture, and protection against natural catastrophes in the country.
China's opening-up over the past 40 years has not only driven global trade but has also added fuel to market liberalization, which is conducive to attracting overseas companies and talented personnel, said Stephan Howeg, chief marketing and communications officer of Adecco Group.
Noting that in 2016 the Mediterranean-China import-export trade volume exceeded $150 billion, Chen urged both sides to speed up trade and investment liberalization and facilitation, and expand financial and commercial exchanges in order to provide new engines to regional development.
Li Guilian, chair-woman of Dayang, started the company with 85 fellow farmers in 1979, when China started its economic reforms and liberalization.
The country is committed to upholding global trade and investment liberalization and facilitation, as well as maintaining the stability of global industrial and supply chains, said Wang Wen, executive dean of the Renmin University of China's Chongyang Institute for Financial Studies.
That will lead to a continuous enhancement of investment liberalization and facilitation in services trade.
Promoting liberalization and facilitation of cross-border data flow is essential for the development of international trade and attracting foreign investment.
"Optimizing the business environment should include several areas, including investment liberalization, facilitation, promotion and protection, on which China's Foreign Investment Law has made very clear specifications and requirements," he said.
The negative list facilitates greater economic liberalization, said Cui Fan, a professor of foreign trade at the University of International Business and Economics in Beijing.
By combining unilateral tariff cuts with reciprocal tariff reductions through FTAs, China aims to expand its degree of opening-up, and further advance trade and investment liberalization and globalization, said Gao Lingyun, a researcher at the Institute of World Economics and Politics, which is part of the Chinese Academy of Social Sciences.
This is contingent upon the promotion of high-level financial liberalization.
Starting with infrastructure construction, the BRI helps developing countries solve the bottleneck of infrastructure connectivity, thus promoting trade and investment liberalization and facilitation, and promoting growth of the world economy, Liu said.
Next stage expected to focus on foreign investment, services and digital tradeChina has ample policy room to take a myriad of opening-up measures for trade and investment facilitation and liberalization, in order to hedge against external pressure and internal difficulties, senior trade experts and economists said.
China signed an upgraded free trade agreement with Singapore to further boost trade and investment liberalization between the two countries and solidify their economic ties, the Ministry of Commerce said on Thursday.
During his meeting with Richard Haass, former president of the United States' Council on Foreign Relations, on Monday in Beijing, Chinese Vice-Premier He Lifeng said China will advance its opening-up steadfastly and at a high level, and enhance its liberalization and facilitation of trade and investment.
Yi Xiaozhun, former deputy director-general of the WTO, said economic globalization has faced strong headwinds in recent years as major developed economies are turning away from traditional trade liberalization toward unilateralism and trade protectionism.
The supply chain-themed report also stated that continuous enhancements in trade and investment facilitation, along with liberalization, can ensure stable and smooth operation of global supply chains.
Speaking exclusively with China Daily on the forum sidelines, experts observed that China has played a significant role in promoting trade liberalization and global economic integration, and has become irreplaceable in maintaining global economic stability during crises.
Unwavering support also shown for trade liberalization and WTOAt several wharves owned by New Times Shipbuilding Co in Jingjiang, Jiangsu province, engineers and workers are busy welding steel hulls and testing equipment.
They emphasized that China, as a major trading nation, has not only supplied a significant quantity of manufacturing products to other APEC markets, but has also distinguished itself for unwavering support of trade liberalization, the World Trade Organization and its rules.
Wu Haiping, director of the general operations department at the General Administration of Customs, said that after more than three decades of development, cooperation among APEC economies has evolved beyond the two traditional pillars of trade liberalization and investment facilitation, as well as economic and technological cooperation.
He said China looks forward to joining these two trade deals at an early date, and is willing to make joint efforts with all parties to actively promote regional economic integration and the liberalization and facilitation of trade and investment in the Asia-Pacific region.
He called for strengthened coordination on macroeconomic policies among all the parties concerned, advancement of trade and investment liberalization, and the building of more integrated regional industrial and supply chains for the open development of the Asia-Pacific as well as the global economy.
China looks forward to joining the CPTPP and DEPA at an early date, and is willing to make joint efforts with all parties, to actively promote regional economic integration and the liberalization and facilitation of trade and investment, and facilitate the recovery of the global economy, He added.
During the third Belt and Road Forum for International Cooperation held last month, the BRI cooperation partners agreed to further enhance trade and investment liberalization and facilitation, and support cooperation on customs clearance facilitation and law enforcement, especially mutual recognition of Authorized Economic Operators (AEOs).
Reform aimed at regulatory liberalization and provision of better services from relevant government agencies is seen as a necessary move to boost the morale of market players.
Despite the rise in protectionism globally and the United States' attempts at ousting China from the global supply chain, Yu Yongding, an academic member of the CASS, said China will further promote trade liberalization, adhere to multilateralism and advocate the authority of WTO and other international institutions.
Experts applaud role of Belt, Road in improving business climate amid woesChina's trade and investment cooperation with other countries and regions involved in the Belt and Road Initiative has not only expanded in traditional areas, but also picked up pace in emerging sectors over the past decade, bringing about greater liberalization and facilitation and fostering a better global business climate, experts said.
Initiated by China in 2019, BRITACOM is a nonprofit mechanism for tax administration cooperation among BRI countries and regions, and seeks to promote trade and investment liberalization and facilitation in member countries by strengthening cooperation in tax administration.
The participating countries have worked hard to promote trade and investment liberalization and facilitation, remove investment and trade barriers, and improve the business environment within the region and in all related countries.
Within the BRI, it has been China that steadfastly upholds the role of pushing forward economic globalization, promoting trade and investment liberalization, facilitating bilateral, regional and multilateral cooperation, enhancing international policy coordination, collectively creating an international environment conducive to development, nurturing new engines of global growth, and actively supporting the acceleration of development in developing countries.
Driven by a strong desire to refine its economic structure, China has steadfastly pursued the expansion and liberalization of its services sector and trade in services in recent years.
Highlighting the significant role of promoting trade liberalization and facilitation, Guo reaffirmed China's commitment to firmly upholding the multilateral trading system, with the World Trade Organization as its core.
In terms of investment liberalization and facilitation, the FTZs conducted explorations and promoted a series of institutional innovations that encompass the entire life-cycle management of enterprises, from establishment and changes to operations and exits.
South China's Guangdong province will steadily expand institutional opening-up, align with high-standard international economic and trade rules, and promote trade and investment liberalization and facilitation in the months to come, the province's top official said.
Particularly, the opening-up of the service sector serves the development pattern of the country's domestic and international "dual circulation," as China perceives trade liberalization and its institutional opening-up in a broader setting of economic globalization, regarding such endeavors as its striking demonstrations to uphold multilateralism.
That also forms an indissociable part of China's pledge to help more countries share its far-reaching development dividends through trade liberalization and facilitation.
China's vigorous drive to boost services trade liberalization and facilitation will continuously inject impetus into cross-border trade, thereby contributing to more sustainable globalization and a more open world economy.
Ghulam Qadir, trade and investment counsellor of the Embassy of Pakistan in China, said that China puts much emphasis on the new growth momentum that the world needs for trade liberalization, adding that "the hard-won and hard-fought" trade liberalization across the world must be maintained and improved.
On the other hand, it is also closely related to the continuous liberalization of border control measures in China's travel field.
Sustained efforts will be made to promote higher-level opening-up, further promote trade and investment liberalization and facilitation, and foster more convergence of interests and areas of cooperation, to achieve win-win cooperation with countries in the region, Jing said.
Meanwhile, trade liberalization has picked up pace in China's central, western and northeastern regions over the years.
By 2025, the special area aims to form a relatively well-established institutional system featuring the liberalization and facilitation of investment and trade, set up functional platforms with greater openness, and become a cluster of world-class enterprises.
The focus should be on aligning with high-standard international economic and trade rules, promoting institutional opening-up and achieving higher level of liberalization and facilitation in trade in goods, he said.
The aim is to enhance liberalization and facilitate trade and investment cooperation.
She said she looked forward to China's greater contributions to reform and boosting the liberalization and facilitation of trade and investment.
- China, together with the international community, pushes for trade and investment liberalization and facilitation, and opposes protectionism and decoupling and disrupting supply chains in any form, Chinese Premier Li Qiang said here Friday in his speech delivered at the closing ceremony of the Summit for a New Global Financing Pact.
China's accession to the partnership would bring benefits to all members of the CPTPP and add new impetus to trade and investment liberalization in the Asia-Pacific region, said the Ministry of Commerce.
China's accession will bring benefits to all members of the CPTPP and add new impetus to trade and investment liberalization in the Asia-Pacific, Wang said.
The Regional Comprehensive Economic Partnership agreement will help bring about even greater trade liberalization and facilitation.
The full-force implementation of the RCEP demonstrates the commitment and actions of all 15 participating countries toward supporting a multilateral trading system that is open, free, fair, inclusive and rules-based, said the ministry, stressing that it will notably elevate the level of trade and investment liberalization and facilitation in East Asia.
The statement said that the RCEP will boost regional economic integration and significantly improve the level of trade and investment liberalization and facilitation in East Asia.
Sun introduced a series of new measures to expand China's opening-up and enhance trade liberalization and facilitation, as well as the advantages of China's ultra-large-scale market and the opportunities it has generated.
Zhu called for greater efforts to strengthen communication among RCEP member states, to give full play to the role of the bloc in promoting the liberalization and facilitation of investment and trade, and to expand cooperation in trade in services that are critical in the global industrial and value chains.
It has created the world's largest free trade bloc by promoting regional economic integration through tariff concessions and other trade and investment liberalization and facilitation measures.
RCEP's liberalization process continues with both "big strides" and "small steps", said Zhao Jinping, Former Director-General, Department of Foreign Economic Relations, Development Research Center of the State Council.
Aligning with its commitment to global trade liberalization, China filed an application to join the CPTPP in 2021.
“为了彰显其对全球贸易自由化的承诺，中国于2021年提交了加入CPTPP的申请。”
Aligning with its commitment to global trade liberalization, China filed an application to join the CPTPP in September, 2021.
China is willing to take a chance on the FTA negotiations to further promote bilateral trade and investment liberalization and facilitation and tap the potentials of economic and trade cooperation between the two countries, in order to enhance China-Serbia economic and trade cooperation in all aspects and inject more impetus to deepening the comprehensive strategic partnership between the two countries, Wang added.
According to WTO agreements, developing country members are entitled to special and differential treatment as compared with developed country members, including lower levels of market liberalization, longer transitional periods to meet obligations or implement results of negotiations, greater flexibility in using policy instruments or maintaining policy space as well as access to technical assistance.
In Hainan province, for example, more than 180 policy documents focusing on trade and investment liberalization and facilitation have been implemented, 134 institutional innovations have been introduced.
Looking ahead, Ning voiced confidence in the long-term global economic prospects, saying it is of great importance for countries to adhere to the course of globalization and promote trade and investment liberalization and facilitation.
Allen said that he expects further liberalization be considered in areas like cloud computing, internet services, legal services and entertainment.
He also hoped that further liberalization would be considered in areas such as cloud computing, internet services, agricultural biotechnology, human genetic material, legal services, media, and entertainment.
China's clear decarbonization and clean energy transition targets, alongside financial market liberalization, present huge opportunities for foreign banks, said Samuel Fischer, head of China onshore debt capital markets at Deutsche Bank.
It will reinforce China's firm determination to support trade liberalization and economic globalization," said Hwang, adding that the company will display more products at the expo this year to meet the growing beauty needs of Chinese consumers.
The Hainan FTP has also made noticeable progress in trade and investment liberalization and facilitation, another report by the academy said.
More than 90 percent of trade in goods covered will eventually see zero tariffs, and more importantly, such tariff eliminations will be completed immediately or within 10 years, which means the FTA will achieve complete liberalization of goods trade in the region in a relatively short period of time.
The CPTPP provisions also lead to higher levels of tariff liberalization and have more restrictions on subsidies.
The CCPIT said that the RCEP also sets out rules relating to investment liberalization, protection, promotion and facilitation measures, with a significantly higher level of openness than the bilateral free trade agreements signed between member countries previously.
Accelerating the liberalization of intra-regional goods trade and tariff cuts are important benefits of the RCEP.
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