Chongqing Expands Opening-up and Promotes the Quality of Development

By Xinyi Li, EDITOR

On May 23, Chen Min’er, Secretary of CPC Chongqing Municipal Committee stressed in the survey of foreign trade enterprises that Chongqing needed to make overall planning for the work of maintaining stability in the six areas of employment, finance, foreign trade, foreign capital, investment and expectations, expand the inland opening-up, promote quality development of Chongqing’s open economy, and give full play to the leading role of the city in promoting the co-construction of the Belt and Road Initiative (BRI).

During the visit to Chongqing, President Xi Jinping pointed out Chongqing’s unique location advantages and demanded that Chongqing fully integrates into the co-construction of the BRI and the development of the Yangtze River Economic Belt, intensify the inland opening-up, and strive to play as a leader and an enabler in the opening-up in Western China.

Chongqing will expand inland opening-up and promote the quality development of the open economy, promoting the co-construction of BRI

Chongqing will stick to the combination of bringing in and going out, make every effort to build a group of outstanding outward-oriented enterprises, accelerate the development of more competitive new-type open subjects, and strive to cultivate new advantages of inland opening-up.

Chen Min’er indicated that foreign trade enterprises, the main force of an open economy and the vitality and driving force of open development, should remain willpower, meet the challenges, cultivate strength, stand the test of international markets, and make contributions to the city’s open economic development. In response to the challenges, they need to upgrade the technical level, promote the product upgrading and industrial optimization and upgrading, improve the technical content of export products and increase their added value, and improve the international competitiveness and anti-risk capability. Chongqing should also adjust the market structure, build export brands, actively consolidate traditional markets and continuously explore emerging ones. Moreover, Chongqing also should reduce the operation and management costs, perfect the modern enterprise system, improve the scientific management level, and constantly enhance the endogenous impetus of enterprise development.

Chongqing should also adjust the market structure, build export brands, actively consolidate traditional markets and continuously explore emerging ones

Chen Min’er proposed the party committees/governments at all levels in the city to attach great importance to and coordinate the work of foreign trade/foreign investment/foreign economy, so as to implement the tasks for developing an open economy. They need to deepen the system reform, optimize the management system, strengthen the matchmaking with the internationally recognized trade rules, improve the efficiency of customs clearance services, enhance the demonstration and leading role of key open platforms, and strive to improve the level of foreign trade facilitation. They should also strengthen policy support, implement the policy of reduction of taxes and administrative fees, study and improve financial/logistics support policies, fully release policy effects, and promote cost decreasing and benefit increasing of enterprises. Active services are necessary for relevant departments at all levels to conduct more investigations and visits, offering to lead foreign trade enterprises accurate services, and solve practical problems for micro/small/medium-sized enterprises in a targeted way. Furthermore, they also need to create a favorable environment, strengthen talent training, thus creating an international legal environment to facilitate business.

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Source: Chongqing Daily News