On July 15, the Central Committee of the Communist Party of China and the State Council issued the “Opinions on Supporting the Pudong New Area’s High-Level Reform and Opening-up and Building a Leading Area for Socialist Modernization” (hereinafter referred to as the “Opinions”), proposing to support Pudong in taking on the heaviest burden and gnawing. The hardest bone, strive to become a pioneer of higher-level reform and opening up, and a pioneer in building a modern socialist country in an all-round way.
To take the heaviest burden and gnaw the hardest bones, how can Pudong New District, which is to become a leading district, be the pioneer of high-level reform and opening up?
He Xiaoyong, executive vice-president of the Free Trade Zone Law Institute of East China University of Political Science and Law, told the news that this is actually a demonstration to the world of China’s confidence and determination to open up to the outside world. Pudong’s future opening to the outside world is not only to benchmark against the highest international standards, to be the first mover, and more importantly, to participate in the reconstruction of international economic and trade rules on behalf of the country, to provide suggestions for the country’s participation in and even lead related negotiations, and to make negotiation plans. Contributors, “What kind of Chinese plan and Chinese concept can Pudong propose? This aspect should be better explored.”
The “Opinions” proposes to deepen the high level Institutional openness creates new advantages in international cooperation and competition. Pilot institutional openings are carried out in Pudong to explore the experience of promoting institutional openings throughout the country. It is necessary to take the lead in building a high-standard international economic and trade rule system.
He Xiaoyong believes that this is a very important highlight in supporting the Pudong New Area’s high-level reform and opening up and building a leading area for socialist modernization. Pudong’s future opening to the outside world is not only to benchmark against the highest international standards, to be the first mover, and more importantly, to participate in the reconstruction of international economic and trade rules on behalf of the country, to provide suggestions for the country’s participation in and even lead related negotiations, and to make negotiation plans. Contributors are the explorers and pathfinders for the openness of the flow of commodity elements to the institutional openness.
“The country has given Pudong a bigger task. Pudong must find ways to represent the country in international competition, such as the formulation of international rules. Now international economic and trade rules are being reconstructed. What kind of Chinese plan and Chinese philosophy can Pudong propose? This aspect should be better explored.”
“This requirement is very high.” He Xiaoyong said, this is also It means that the future opening of Pudong to the outside world is not a general field, nor an opening in a general sense, but a key breakthrough in a key field.
For example, it is mentioned in the “Opinions” that the research exempts the import link tax on drugs used in clinical research; optimizes the management of electronic account books in special customs supervision areas;Focusing on strategic emerging industries and based on the actual needs of enterprises, explore innovative regulatory arrangements in the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone. Those who have the conditions can enjoy the customs clearance facilitation policies of the Yangshan Special Comprehensive Free Trade Zone; support Pudong to take the lead Explore the implementation path of capital account convertibility.
At the same time, the “Opinions” also proposed to create special economic function zones throughout Pudong and increase the risk stress test of an open economy. He Xiaoyong believes that the expansion of the special economic function zone from the Lingang New Area to the entire Pudong area is also a new breakthrough.
He said that on the one hand, from a national perspective, some areas do not have the conditions for opening up, and Pudong, as a special economic function zone, can be opened to the outside world in some areas. The Pathfinder function in Pudong is more obvious. On the other hand, in the future, Pudong will test first and do the largest stress test, and after the test, it may be extended to the whole country.
“Pudong is a leading area, and the leading area emphasizes its radiation function. The opening of Pudong should not only be beneficial to Pudong, it should be beneficial to the whole country, and even to the whole world. Some favorable things.”
To achieve institutional openness, there must be good legal protection. The “Opinions” clarified that, in accordance with the laws and regulations of the special economic zone, the Shanghai Municipal People’s Congress and its Standing Committee are authorized to base themselves on the needs of Pudong’s reform and innovation practice, follow the constitutional provisions and the basic principles of laws and administrative regulations, and formulate laws and regulations. Such a flexible provision will be implemented in Pudong. For areas where there are currently no laws, regulations or clear regulations, Pudong is supported to formulate relevant management measures in advance.
“This actually provides a good legal guarantee for Pudong to further promote high-level institutional development.” He Xiaoyong said that Pudong needs high-level reform and opening up. The significance is also particularly significant. “In fact, it is to show the world China’s confidence and determination to open up to the outside world. As the vanguard, pioneer, and pioneer of China’s opening up, Pudong believes that it will highlight a more vivid practice of opening up.”