Product
Supplier
Encyclopedia
Inquiry
Home > News > Market Flash > Shanghai Free Trade Lingang New Area is unveiled today.

Shanghai Free Trade Lingang New Area is unveiled today.

ECHEMI 2019-08-22

China-free-trade

The coast is like a bow, the Yangtze River is like an arrow, and the harbor is like an arrow. Leading high-quality development with a high level of openness, the arrow pointed to the dawn of the long sky, the Oriental red. On November 5, last year, at the first China International Import Expo, General Secretary Xi Jinping solemnly declared to the world that in order to better play the important role of Shanghai and other regions in opening up to the outside world, he decided to add a new area of China's Shanghai Free Trade Pilot Area. For a moment, applause was thunderous and cheers were everywhere. Today, China's commitment to the world has arrived as scheduled: the new Lingang area of the Shanghai Free Trade Pilot Area of China has opened its veil and ushered in the historic moment of its official opening.

Thereafter, a new open and developing high-tech land, a special economic function area with strong international market influence and competitiveness, and a modern new city with high-end resource allocation functions facing the world and the future will be born on the West Bank of the Pacific, the center of China's coastline and the estuary of the Yangtze River.

Leads high-quality development with high-level openness. The arrow point points out that the sky is breaking and the East is red.

On August 6, the State Council issued the General Plan for the New Lingang Area of China (Shanghai) Free Trade Pilot Area, which marks the formal establishment of the new Lingang Area. He Wanpeng, president of Shanghai Front Beach Emerging Industries Research Institute, who watched the live webcast in front of the computer, sighed: "Finally, it's out. We've been looking forward to it for a long time." He Wanpeng is not the only one who has been looking forward to it for a long time. Since the end of last year, the world has been focusing on China and Shanghai. People are curious and waiting for it. Six years have passed since the construction of the free trade pilot area. What surprises will it bring to the world? The expectation also hides more complex realistic anxiety. In recent years, the global economy has been gloomy and gloomy. Some countries take their own interests as the fundamental starting point, and try to curb the tide of global economic integration by means of "harming others and harming themselves". With the rise of conservatism, the world economy is facing fragmentation and isolation. People all over the world are worried about the global economic recession. At this moment, the old Oriental powers and the world's second largest economy hold high the banner of opening to the outside world, so that the world can see the hope and dawn.

"Looking back on history, open cooperation is an important driving force to enhance the vitality of international economy and trade; based on today, open cooperation is the realistic requirement to promote the stable recovery of the world economy; looking ahead, open cooperation is the requirement of the times to promote the continuous progress of human society." China's judgment of global economic trends shows that the country is determined to face conservatism with openness, deal with arbitrariness with inclusiveness, resolve confrontation with inclusiveness, inject vitality and momentum into the global economy and provide "China's strength" for the recovery of the world economy. The establishment of Lingang New Area is another strong voice played by this "Chinese Power".

The Overall Plan of the New Area clearly states that port-vicinity will implement an open policy and system with strong international market competitiveness, increase the risk stress test of open economy, and become an important carrier for China's deep integration into economic globalization. Such a statement makes the domestic and foreign economic circles very excited. Wang Zhan, chairman of Shanghai Association of Social Sciences, said that this confirms once again that China will not stagnate in promoting a higher level of openness, in promoting the construction of an open world economy and in promoting the construction of a community of human destiny. In the face of unprecedented changes in the world economy, Lingang New Area undertakes the national strategy of continuing to expand its opening up. At the same time, it is also a test field for high-quality development and transformation of domestic economy, a pressure test area for the highest international standard economic rules, and a strategic highland conforming to the redistribution of the global production chain. After more than 40 years of economic development, China's reform and opening up is facing a new historical stage. "In the new era, China needs to lead high-quality economic development with a high level of openness, which requires us to dock with the world's highest level of economic rules in a certain region, to form a global resource allocation capability by breaking down invisible institutional barriers, so as to reflect China's comparative advantage and nuclear power in international competition. Heart competitiveness. It is the historical mission facing port-vicinity that we should not only open to the outside world at a high level, but also take risk prevention and control as the bottom line and comprehensively improve the level of risk prevention and safety supervision. From the perspective of the Secretary of the Party Group of Shanghai Social Union, if the establishment of Shenzhen Special Economic Zone is the 1.0 edition of China's open economic construction, the development and opening of Pudong is the 2.0 edition, and the construction of free trade pilot area is the 3.0 edition, the birth of Lingang New Area can be called the 4.0 edition of China's construction of a new open economic pattern. As an important new strategic engine for China to comprehensively deepen reform and expand opening-up in the new era, Lingang New Area has a glorious mission and a long way to go in the future.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
Comment
Comment

Trade Alert

Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)

Scan the QR Code to Share

Feedback & Suggestions
Send Message

Thank you for your feedback. If you require further assistance, please contact us by email at info@echemi.com or call us at +86-532-55729510.