MIL-OSI China: Beijing completes 215 tasks for ‘two zones’ development

4

Source: China State Council Information Office 2

One year since Beijing began developing the Pilot Free Trade Zone and the National Comprehensive Demonstration Zone – known simply as “Two Zones” – in a bid to broaden its service sector, the capital has implemented 215 of its combined 251 tasks and achieved substantial progress on multiple fronts.
The majority of the remaining 36 tasks involve reforms of complex issues and the formulation of policies that address wider concerns.
Liu Meiying, full-time deputy director of the Leading Group Office of the “Two Zones” Development, said that Beijing plans to develop “three demonstration zones plus one main platform.” Put another way, the city will align its domestic rules with those that underpin major international free trade agreements, while building a Digital Trade Demonstration Zone with global influence, and developing a National Demonstration Zone for the innovative development of trade in services in Beijing. 
The capital will align itself with international economic and trade agreements such as Regional Comprehensive Economic Partnership (RCEP), Comprehensive Progressive Trans-Pacific Partnership (CPTPP), and China-EU investment agreement. It will also establish and improve a digital trade network, rules and systems for trade in service, and overhaul the investment environment, in order to solidify Beijing’s leading role and position on the global stage. 
Meanwhile, the “one main platform” development refers to transforming the Beijing Stock Exchange into a main platform for supporting innovative small and medium-sized enterprises.
Beijing will also establish a mechanism that enables municipal officials to oversee key industry parks and other sites and will select a total of 20 key sites across all districts in the city.

MIL OSI China News