The government has decided to
liberalize the trade policy, removing import restrictions on several goods.
政府已经决定放宽贸易政策，取消对几种商品的进口限制。
In an attempt to attract foreign investment, the country has started to
liberalize its financial sector.
为了吸引外国投资，该国开始放松其金融领域的管制。
The new administration vowed to
liberalize media laws, promising more freedom of expression for journalists.
新政府誓言要放宽媒体法规，承诺为记者提供更多的言论自由。
The labor market needs to be
liberalized to allow for greater flexibility and mobility of workers.
劳动力市场需要得到放宽，以允许工人们有更大的灵活性和流动性。
Following the signing of the treaty, both countries agreed to
liberalize their visa policies for each other's citizens.
在签订条约后，两国同意相互放宽签证政策。
The education system should be
liberalized to encourage critical thinking and creativity among students.
教育体系应予以放宽，鼓励学生进行批判性思考和创新。
The telecom industry is undergoing a process of liberalization, which will lead to increased competition and better services for consumers.
电信行业正在进行市场化改革过程，这将导致竞争加剧并为消费者带来更好的服务。
We propose to
liberalize the regulations on small businesses to stimulate economic growth.
我们提议放宽对小企业的管制以刺激经济增长。
The energy sector is set to be
liberalized in the coming years, allowing private companies to enter and compete with state-owned enterprises.
能源领域在未来几年将被放宽管制，允许私营企业进入并与国有企业展开竞争。
The government aims to
liberalize the pension system, providing individuals with more options for saving and investing their retirement funds.
政府计划放宽养老金制度，为个人提供更多的退休储蓄与投资选择。
Investing and operating wind and solar assets in mature markets can bring valuable power market experience and know-how as China's power market is set to further liberalize in the future, said Wang Ziyue, an analyst at research firm BloombergNEF.
研究公司BloombergNEF的分析师王子跃表示，随着中国电力市场未来将进一步自由化，在成熟市场投资和运营风能和太阳能资产可以带来宝贵的电力市场经验和专业知识。
"While a surge in domestic renewable energy demand driven by the carbon neutrality pledge could reduce Chinese developers' reliance on overseas markets, investing and operating wind and solar assets in mature markets can bring valuable power market experience and know-how to them as China's power market is set to further liberalize in the future," he said.
他说：“虽然碳中和承诺推动的国内可再生能源需求激增可能会减少中国开发商对海外市场的依赖，但随着中国电力市场未来将进一步自由化，在成熟市场投资和运营风能和太阳能资产可以为他们带来宝贵的电力市场经验和诀窍。”。
It noted that since the deal's signing, China has taken steps to liberalize its financial services sector to foreign companies, significantly reduce barriers to trade in the agriculture sector and strengthen its domestic legal and enforcement regime for protecting intellectual property rights.
The People’s Bank of China will further liberalize bond repurchase transactions and push for the use of renminbi derivatives, he added.
I have been encouraged by China's recent moves to further liberalize and be more transparent when it comes to foreign investment and companies.
"The great development that China has achieved in past decades is very important for trade globally, and for attracting companies to China to further liberalize the market," Howeg said.
J. P. Morgan welcomes any decision made by the Chinese government as it continues to liberalize its financial sector further.
The country will open its doors wider to foreign investors and further liberalize and facilitate trade and investment, Premier Li Keqiang said Monday when delivering the government work report in front of thousands of lawmakers and political advisors.
Both sides agreed to liberalize services and investment in the form of a negative list, thereby creating more market space for investors and service providers from both countries, the ministry said, adding that efforts will be made to further expand cooperation in emerging areas such as the digital economy.
They are willing to work with China to further strengthen cooperation in trade, investment, science and technology, infrastructure, e-commerce, health and other fields, promote the development of the Belt and Road Initiative, firmly support free trade and the WTO's authoritative role, continue to liberalize and facilitate trade and investment, and stabilize global industrial and supply chains to achieve inclusive and sustainable growth in the world.
Negotiations for ACFTA 3.0 were officially launched early this year to further liberalize and facilitate bilateral trade flows.
They upgraded the agreement again and launched subsequent negotiations to further liberalize services and investment based on a negativelist model in December 2020.
In December 2020, the two sides upgraded the agreement again and launched subsequent negotiations to further liberalize service trade and investment based on a negative-list model.
The implementation of the Regional Comprehensive Economic Partnership agreement at the start of last year has propelled China to liberalize and better facilitate trade and investment, improving the country's preparedness to align with high-level global trade rules.
With the RCEP, "we have seen the commitment of member countries trying to liberalize and facilitate trade as well as the facilitation of regional supply chain", said Auramon Supthaweethum, director-general of the Department of Trade Negotiations under Thailand's Ministry of Commerce, adding that the RCEP has helped enhance the country's trade with other member countries, which accounts for around 60 percent of Thailand's total foreign trade volume.
SAFE vowed in the statement that it will continue to deepen reform and opening-up in the foreign exchange sector, liberalize and facilitate cross-border trade and investment, improve the business environment and serve the development of the real economy.
The measures indicate member countries will fulfill their promises to liberalize trade in goods in a relatively short time, and it will vigorously help enhance regional economic integration in East Asia as well as help with economic recovery and growth in the post-pandemic era, CCPIT said.
Notable progress has been made, with several policies and measures rolled out to liberalize and facilitate trade in goods and services at the Hainan FTP.
The successful completion of the negotiations is an important milestone for the WTO's restoration of negotiation function, as well as an important achievement in the development and innovations of international regulatory rules for services trade, which will help further liberalize and facilitate global services trade, according to the statement.
China (Zhejiang) Free Trade Pilot Zone in Zhejiang province has been making great efforts to further liberalize trade in the area as well as promote common prosperity and integration of the Yangtze River Delta region.
Through institutional opening-up, this measure will further liberalize trade in services, enhance the general level of liberalization in China and serve the creation of new development dynamics throughout the country, the vice-minister said.
Through institutional opening-up, this measure could further liberalize trade in services, enhance the general level of liberalization in China and serve the creation of new development dynamics in China, he added.
According to Gao, China has rolled out 28 policies and measures to liberalize and facilitate trade in goods and services at the Hainan FTP.
"The paper also recommends the Chinese government to expand pilot programs to liberalize cross-border capital flows as well as establish a more level playing field and optimized business environment for foreign enterprises.
The measures not only provide strong policy support for the development of the Hainan Free Trade Port and promote the "dual circulation" development paradigm, but also show China's determination to further liberalize international trade, help develop an open world economy, and expedite globalization, said Sang Baichuan, director of the Institute of International Business at Beijing-based University of International Business and Economics.
An inclusive RCEP will encourage others to liberalize too, and oppose the ill wind of decoupling and trade war, he said.
It is crucial to further liberalize and facilitate trade and investment, with the vision of achieving a regionwide free-trade agreement, said Wang Shouwen, vice-minister of commerce.
- China will roll out 28 policies and measures to further liberalize and facilitate trade in the Hainan free trade port, an official with the Ministry of Commerce (MOC) said on Monday.
During the third CIIE, important announcements were made to further liberalize China's market to foreign businesses.
A large number of industrial parks between China and ASEAN countries have also contributed to trade and investment cooperation activities, while the recently signed RCEP, which aims to cut tariffs, further open markets and lower barriers to liberalize trade and investment, is set to boost trade and investment and further integrate the regional market, he said.
Involving China, Japan, South Korea, Australia, New Zealand and the 10 member states of the Association of Southeast Asian Nations, the RCEP aims to cut tariffs, open markets and lower barriers to liberalize trade and investment in the member countries that account for about a third of the world's population and economic and trade volume, according to the Ministry of Commerce.
According to the Jiangsu Provincial Development and Reform Commission, the adjustment to coal-fired power prices came after the government announced last week it will further liberalize pricing to help coal-based power plants resolve their cost difficulty.
江苏省发展和改革委员会表示，此次对燃煤发电价格的调整，是在上周政府宣布将进一步放开定价以帮助煤电企业解决成本困境之后作出的。
China will further liberalize pricing for electricity generated from coal, in the latest effort to ease the ongoing power shortage and deepen the sector's market-oriented pricing reform, the National Development and Reform Commission said at a news conference in Beijing on Tuesday.
国家发展和改革委员会周二在北京举行的新闻发布会上表示，中国将进一步放开燃煤发电电价，这是为缓解当前电力短缺、深化电力行业市场化定价改革所采取的最新举措。
The ultimate direction of the reforms, Na said, is to regulate the midstream and liberalize the upstream and downstream sectors.
It has been localizing its Mercedes-Benz cars with BAIC Group and producing electric cars under a brand called Denza with BYD Co. Volkswagen AG CEO Herbert Diess said: "It is a very important move for the Chinese government to open up, to liberalize the market, because it should always be beneficial for additional investment and growth.
China has rolled out an array of measures to facilitate imports and is prepared to further liberalize services and sectors, including manufacturing of ships and planes.
The central bank will also carry out relevant pilots to further liberalize and facilitate cross-border trade and investment and steadily move ahead with the convertibility of the renminbi under the capital account, the PBOC said in its third-quarter monetary policy report, published in November.
Lu added China will explore more replicable mechanisms to liberalize cross-border investment and trade and expand financial sector opening-up in the Guangdong-Hong Kong-Macao Greater Bay Area and other regions that spearhead China's financial opening-up.
China has yet to fully liberalize its capital account, with programs such as the QDII and Qualified Foreign Institutional Investors (QFII) providing financial institutions with quotas for outbound and inbound investment, respectively.
"In particular, as China continues to liberalize the capital accounts, the opportunity for a bank like us to make more connections between China and the rest of the world is very key.
China has yet to fully liberalize its capital account, with programs such as the QDII and Qualified Foreign Institutional Investors providing financial institutions with quotas for outbound and inbound investment, respectively.
The priority of China's approach to capital account opening is for foreign capital inflows, and then, to gradually liberalize outflows, which can also foster the international use of the renminbi, said experts.
China should continue to liberalize and open up these markets, but flows of money need to be controlled, especially in the current extraordinary situation.
The above three schemes are designed for outbound investment as China has yet to fully liberalize its capital account, which records the cross-border capital flows mainly for investing in financial assets.
The mechanism aims to liberalize cross-market capital flow to form a unified market and same trading prices, so as to facilitate monetary policy transmission and strengthen the capacity of the bond markets in serving the real economy, a PBOC statement said.
The phase one trade agreement and the bilateral commitment to further liberalize the financial industry have boosted corporate confidence.
The bullish sentiment toward Chinese bonds was also supported by the expectation that Chinese regulators will further liberalize the onshore financial markets and remove investment barriers for foreign investors.
MAS announced in June that it would offer up to two digital full bank licenses and three digital wholesale bank licenses in a bid to liberalize its banking sector, making it more "resilient, competitive and vibrant", according to its website.
It may lead to about $3 billion of inflows into China's bond market a month, according to research from Goldman Sachs Group Inc. Mark Leung, Chief Executive Officer of JPMorgan China, said "The inclusion represents an important milestone, as China continues to liberalize its capital markets and looks to connect more global investors to the country.
The reform would liberalize the formation mechanism of the loan prime rate-the price of loans banks offer to their best clients-and use the LPR as the lending reference rate, gradually replacing the one-year benchmark lending rate.
The launch of TSR 20 rubber futures trading is the latest step by China's securities regulator to liberalize the country's futures market after it opened the futures trading of crude oil, iron ore and purified terephthalic acid to foreign investors.
"His comments came after China announced a set of new measures to further liberalize financial services.
China decided to open up its bond market as part of a larger push to liberalize the capital account.
"Talking about how to make the Chinese gold industry more influential on a global scale, he said China indeed has a lot to offer to the rest of the world and suggested the country should constantly further liberalize the market, be more open to the rest of the world, allow more participation and engage with participants as much as it can.
The Toronto-based Manulife Financial said in a report seen by China Daily website at the China Development Forum on Saturday that the Chinese government has made important progress toward mitigating future potential risks, as it has adopted measures to strengthen financial regulation and liberalize financial markets over the previous years, including launching a policy campaign to deleverage the financial sector, which focused on reducing risks related to shadow banking activity.
Besides, the PBOC will fully liberalize bond repurchase transactions at the right time and push hard with the utilization of the market for renminbi derivatives," said Pan at the China Bond Market International Forum in Beijing.
Foreign investors may participate in China's treasury bond futuresForeign investors may soon be allowed to participate in China's treasury bond futures market, as the securities regulator contemplates more steps to open the bond market and liberalize the interest rate system.
China's domestic bond market is expected to remain appealing to overseas capital as the amount of bonds held by overseas investors has increased drastically since last year, and the Chinese government steps up its efforts to liberalize the domestic market.
Easing of curbs on overseas investors will help facilitate more capital flowsForeign investors are expected to increase their fund allocation in China's A-share market as the new rules for the Qualified Foreign Institutional Investor and the RMB Qualified Foreign Institutional Investor programs will liberalize capital flows and improve forex risk controls.
"If the Chinese market continues to liberalize to the point of warranting full inclusion in the future, Chinese stocks -- A shares and other share classes -- could comprise more than 40 percent of the MSCI Emerging Markets Index," Chia said.
The latest set of measures to further liberalize the capital markets reinforces that desire.
Chinese policymakers and financial regulators are pushing to further liberalize the onshore markets.
At the same time, Shanghai will continue to liberalize its financial market to become a more active financial hub.
Still, the New York-based multinational banking and finance house applauded the decision to further "liberalize" the sector.
"JPMorgan welcomes any decision made by the Chinese government that looks to liberalize its financial sector further," the bank stated.
"Chinese policymakers well understand that the country needs to liberalize its capital market for efficient flows of capital, both internal and external, to fuel economic growth.
While the government has pledged to liberalize the sector, it remains highly restricted for foreign banks.
Reforms will be made to liberalize interest rates and enhance the formation mechanism for the yuan's exchange rate, which will be kept basically stable at a reasonable and balanced level.
"A steady increase in the inclusion of A-shares in the MSCI Emerging Markets Index will probably only happen if China continues to liberalize her financial markets, including granting greater access to foreign investors and addressing fears over capital controls," John Higgins, chief market economist of Capital Economics.
"The Bond Connect is the fourth key measure the central government has taken in recent years to liberalize the country's capital markets, and is seen as an important first step in promoting internationalization of the yuan.
The country also hopes to further liberalize and facilitate trade and investment between both sides, improve regional connectivity and jointly build an open regional economy.
未经许可，严禁转发。QQ交流群：688169419