Source: CCTV
CCTV News: Recently, China has successively released a series of major measures to expand high-level opening-up, covering cross-border trade in services, cross-border data flow, financial opening and other fields, which fully demonstrates the determination and direction of adhering to deepening reform and expanding opening up, and will provide new opportunities for global trade opening up and innovation cooperation.
On March 22, the Ministry of Commerce (MOFCOM) issued the Special Administrative Measures (Negative List) for Cross-border Trade in Services (2024 Edition), which establishes a negative list management system for cross-border trade in services for the first time nationwide according to the classification of national economic industries. The list of pilot free trade zones released on the same day also makes further arrangements for opening up the professional qualifications, professional services, finance, culture and other fields of natural persons. The person in charge of the Department of Trade in Services of the Ministry of Commerce said that the first national version of the list will collect and list the access measures scattered in various specific fields in the past in the form of "one list", clarify the areas outside the list, and implement management according to the principle of consistency of treatment of domestic and foreign services and service suppliers, which effectively improves the transparency and predictability of cross-border service trade management.
On the same day, the Cyberspace Administration of China (CAC) issued the Provisions on Promoting and Regulating Cross-border Data Flows, clarifying the criteria for security assessment and declaration of important data exports, and establishing a negative list system for pilot free trade zones. The relevant person in charge said that the cross-border flow of data has become the basis for the exchange and sharing of global resource elements such as capital, information, technology, talents, and goods. The optimization and adjustment of the data export system is conducive to promoting the orderly and free flow of data in accordance with the law, stimulating the value of data elements, and expanding high-level opening-up.
Zhou Yu, head of the International Department of the People's Bank of China, previously revealed that he is working with the financial management department to form an institutional arrangement for the cross-border flow of financial data. At present, China has formed a multi-channel and multi-level opening pattern covering the stocks, bonds, derivatives and foreign exchange markets, and will steadily expand the institutional opening up of the financial sector.
According to the data, from January to February this year, China's actual use of foreign capital was 215.09 billion yuan, still at the third highest level in nearly 10 years. From a structural point of view, the actual use of foreign capital in the high-tech manufacturing industry increased by 10.1 percent year-on-year, and the investment in China by France, Spain, Australia, and Germany grew rapidly. The analysis points out that the accelerated implementation of a series of opening-up measures will help consolidate the confidence of foreign investment in China's development, improve the quality and level of trade and investment cooperation, and promote the development of China's economy in a more innovation-driven direction.