The Tenth Anniversary of Free Trade Pilot Zones in China:Fundamental Experiences and Enhancement Strategies

Since the 18th National Congress of the Communist Party of China,the country has established 21 Free Trade Pilot Zones(FTZs),achieving significant pioneering results in reform and opening up and creating a strong demonstrative effect nationwide.The basic experience from a decade of FTZs includes:adhering to the centralized and unified leadership of the CPC Central Committee;combining top-level design with encouragement of grassroots innovation;leveraging the distinct characteristics and strengths of FTZs to form a differentiated development pattern;maintaining the integration of opening up with domestic reforms;using openness to drive reforms;and organically combining openness with national security assurance.Under the current and future new circumstances,China’s FTZs face new challenges and tasks.In accordance with the directives of the 20th National Congress of the Communist Party of China,an enhancement strategy for the FTZs needs to be implemented.This involves the following:First,accurately understanding and responding to the changing situation to create strategic opportunities.Second,shifting paradigms to implement innovation-driven strategies,using the new development pattern concept to guide the reform experiments and construction of the FTZs.Third,granting more autonomy to FTZs for reforms,pursuing progress while maintaining stability,and solidly advancing the reform experiments in the FTZs.Fourth,orderly expanding the opening up of the service sector and cautiously advancing the internationalization of the renminbi.Fifth,promoting innovative development in trade to build a strong trade nation.Sixth,establishing synergy with bilateral FTZs,Belt and Road cooperation,and national diplomatic strategies to enhance the linkage effect.

TPFTZ(Tianjin Port Free Trade Zone)——A New Pattern of China's Openning to the Outside World

Under the guidance of Deng Xiao-ping’s strategic think-ing of openning to the outside world, the structure of om-nibearing openness has basically taken shape in China. Follow-

Achievements and Problems of Reform of Investment Management System for Shanghai Pilot Free Trade Zone

The establishment of Shanghai Pilot Free Trade Zone provides many possibilities for China's economic construction. This paper made a comparative analysis on investment management system of Shanghai Pilot Free Trade Zone and traditional investment management system,discussed achievements and problems of reform of investment management system of Shanghai Pilot Free Trade Zone,and finally came up with pertinent policy recommendations.

Translation of Company Name swithin a Trade Globalization Context--A Case Study of Wuhan Pilot Free Trade Area

Under the further development of trade and economic globalization,the construction of free trade area provides a platform for local enterprises to"go out".In this context,the English translation of company names in Wuhan Pilot Free Trade Area is the basic guarantee for the company to further integrate into the international trade market.Based on the investigation of the current situation of translation of company names in Wuhan Area and the analysis of the problems in the translation,this paper puts forward some specific suggestions to improve the translation quality of company names.

Pilot Free Trade Zones:Taking Reform and Opening-up to New Heights

CONSTRUCTION of Pilot Free Trade Zones(PFTZs)is a strategic measure of China’s reform and opening-up policy.Since the 18th National Congress of the Communist Party of China(CPC),it has taken the policy’s effectiveness to new heights.

Hainan Island to Construct Free Trade Pilot Zones

In April of 1988,the establishment of Hainan Province was officially approved at the first session of the 7th National People’s Congress and Hainan Island was designated as a special economic zone.Since then,the beautiful Hainan Island has embraced unprecedented development opportunities and entered into a new historical stage of deepening reform and opening up economically.By virtue of continuous efforts throughout the past 30 years,Hainan has turned into an important portal for China’s reform and opening up as a frontier island.

Does the Establishment of Pilot Free Trade Zones Improve the Efficiency of Financial Services for the Real Economy?Empirical Evidence from Four Pilot Free Trade Zones in Shanghai,Tianjin,Guangdong,and Fujian

In the process of the high-quality transformation and development of China's economy,one of the issues that needs to be resolved is how to strengthen the ability of finance to serve the real economy and improve the efficiency of financial operations.Pilot Free Trade Zones(PFTZs),highlands of institutional innovation,have played the role of a natural testing ground for China to deepen its financial supply-side reform and improve the efficiency of financial services in the real economy.On that premise,this paper discusses the policy effects and transmission channels for the financial reform of PFTZs to improve the efficiency of financial services in the real economy within China.The findings of the papar are the followings,(1)The reform of PFTZsshas significantly improved the efficiency offinance in the real economy,having even achieved a sustainable effect.That is to say,with the extension of gment This work wasthe duration of free trade zone constructionand the gradual implementation of financialreform measures,the regional impactof financial services in the real economyhas shown a year-on-year upward trend.(2)The effects of financial agglomeration,financial transparency,and optimizationof financial infrastructure produced by thereform of PFTZs have played a significantregulatory role in the process of improvingthe efficiency of financial services in thefree trade zones.(3)The effect of China'sfinancial reform on PFTZs has fosterednoticeable regional diversity;an importantreason for the diversity of policy effectrests with the difference in transmissionmechanisms.The conclusions of this paper expand the research dimension of theliterature evaluating the effect of policy onPFTZs,and provide policy references fromthe perspective of financial reform in thefree trade zones for China to further deepenfinancial supply-side reform and improvethe efficiency of financial services in the realeconomy.

Review of Managing the Risks of Offshore Banking and Its Implications for the China(Shanghai) Pilot Free Trade Zone

As more and more Chinese and foreign-funded banks settle in the China(Shanghai) Pilot Free Trade Zone(CSPFTZ), it has become an imperative to enhance risk management of offshore banking. At the international level, the regulatory effort for offshore banking mainly focuses on tax evasion and money laundering.Existing regulatory frameworks have established standards to identify countries providing facilities for money laundering and developed punitive measures. In terms of strategy, it is suggested that, firstly, relevant regulatory measures should be improved in the short term, and it is necessary to define the scope of offshore banking and regulatory measures for Chinese banks and foreign-funded banks under a suitable legal framework. Secondly,it is necessary to establish risk exposure mechanism and risk evaluation system for the offshore banking in the CSPFTZ, while risk management measures are implemented based on on-site supervision. Thirdly, in the medium and long term, it is necessary to enhance management of potential risks which can be created by offshore banking due to deregulation. Fourthly, on the one hand, specific regulations should be formulated to provide a regulatory basis for taxation; on the other hand, tax informational exchange agreements(TIEAs) may be used as a reference for achieving effective tax regulation.

Shanghai Pilot Free Trade Zone and the National Strategy of Opening-up to Boost Reform

China＇s Shanghai Pilot Free Trade Zone （hereinafter referred to as ＂SHFTZ＂） has been running for more than one year so far. The establishment of the SHFTZ is an important Chinese strategy in a key stage when the global and Chinese economies are both undergoing significant transitions, which will have a far-reaching impact on China＇s transformation and development in the long term. Based on his own experience accumulated from participating in the preparation of the overall plan for the SHFTZ and his observations since its official operation officially began, the author conducts review of issues such as expected goals, selection of implementation methods and determination of evaluation criteria with respect to the establishment of the SHFTZ. In his view, the SHFTZ is a key element in China＇s national strategy of using opening-up to force further reforms.

The Impact of the Pilot Free Trade Zone on Regional Financial Development

This paper focuses on the Shanghai pilot free trade zone(FTZ).It investigates the effect of the FTZ policy on regional financial development.The synthetic control method employs quarterly data from 2005 to 2019 at the provincial level to investigate counterfactual states before and after the pilot FTZ was set up.First,our results reveal that the Shanghai pilotFTZ had a positive influence on the following four variables proxied for regional financial development:(i)the scale of regional financial development;(i)the efficiency of indirect financial development;(ii)the efficiency of direct financial development;(iv)the structure of financial development.Second,our results found that the policy effects that began to emerge from 2014 onwards exhibited a steadily increasing trend.As a result,the four proxy variables have increased by(i)197 percent,(i)202 percent,(ii)9.4 percent,and(iv)15.2 percent,respectively.That is,the scale of regional financial development and the efficiency of indirect financial development have increased more than theother proxy variables.

Development of Pilot Free Trade Zones and Regional Economic Growth in China:Comparison on the Conducting Paths and Dynamic Mechanisms

This study discusses the effect and the dynamic mechanism of free trade zone(FTZ)development promoting regional economic growth in China from the perspective of institutional innovation,and finds as follows.(1)The identification process based on difference-in-differences(DID)testing and Bayesian information criterion(BIC)indicates that the institutional innovation of FTZs not only drives regional economic growth,but acts as one of the core factors among the many drivers.(2)The rapid development of investment and trade,as the primal core function of FTZs,is an important dynamic factor for FTZs to promote regional economic growth.It means in the macro-context of lasting and repeated China-U.S.trade frictions,FTZ development should refer to the practice of China(Shanghai)Pilot Free Trade Zone and China(Zhejiang)Pilot Free Trade Zone in aligning to high-standard investment and trade criteria,return to the origin of free trade,and actively seek policy support in improving trade openness and investment facilitation.(3)With the synthetic control method used,the study finds a wide gap in the“experimental effect”of setting up FTZs in different areas.The effect is better in coastal FTZs than in inland ones,and FTZs established later usually have less noticeable effect.On this account,FTZs in China should be positioned differently based on their characteristics of location and endowment;featured development modes should be explored to reduce homogeneous competition;development of coastal and inland FTZs should be balanced and coordinated.

自由贸易试验区助力新质生产力形成的机理与策略分析

高水平对外开放是加快发展新质生产力和构建新发展格局的强大外部动力。自由贸易试验区建设作为推进高水平对外开放的重要举措,是以改革开放创设良好国际环境的开路先锋,是以制度型开放发展新质生产力的先导示范。文章通过分析自由贸易试验区助力新质生产力形成的机理发现,自由贸易试验区作为改革开放的新高地,契合新质生产力高水平对外开放、科技创新、产业升级和绿色发展的理念和定位。为进一步发挥自由贸易试验区对新质生产力的先行驱动作用,未来应从单一自由贸易试验区、区域跨自由贸易试验区、自由贸易试验区与自由贸易区的视角出发,聚焦自由贸易试验区特色产业,布局创新链和产业链,构建新质生产力所需产业体系;推进区域多个自由贸易试验区合作,促进科技协同创新,打造战略性新兴产业集群;加强自由贸易试验区与自由贸易区的协同联动,主动融入区域经济一体化的创新链和产业链,为新质生产力发展营造良好的国际环境。

以制度型开放创新为核心 高标准高质量推进中国(新疆)自贸试验区建设

在我国自贸试验区建设十周年之际,2023年10月国务院印发了《中国(新疆)自由贸易试验区总体方案》,正式批准设立中国(新疆)自由贸易试验区,使新疆成为我国第22个自贸试验区,也是我国西北边境地区首个自贸试验区。文章深入研究分析了新疆自贸试验区设立的重大意义,并就自贸试验区在拉动我国经济增长和实现高质量发展中的作用,制度创新在自贸试验区打造一流营商环境、提升现代产业国际竞争力等方面所发挥的作用和影响,以及制度型开放创新与逆全球化背景下深入实施自贸试验区提升战略的关系等问题进行了全面分析与思考。在此基础上,就如何以高水平开放为引领,以制度创新为核心,高标准高质量建设新疆自贸试验区提出了思路与对策建议。

国际自贸区新实践、新规则与我国自贸试验区高质量发展

中国自贸试验区建设已历十载,综合比较国际自贸区发展的理论与实践创新,认真研究和落实国际经贸规则对自贸区建设的相关要求,对推动我国自贸试验区建设高质量发展意义重大。文章首先对国际自贸区研究的学术文献脉络进行了简要梳理,随后总结归纳了国际主要自贸区的最新实践,阐明了国际经贸规则的创新演变。指出当前我国自贸试验区总体上偏重于贸易便利化框架下的制度改革,与投资便利化相关领域的制度创新需要进一步加强,政府采购制度需要进一步深化改革,未来发展战略需要进一步明确等问题。并提出从投资者视角调校自贸试验区建设方向、从可持续发展和新产业技术革命趋势要求出发促进我国自贸试验区(港)高质量发展的思路和政策建议。

跨境服务贸易制度型开放:趋势、特征与策略

跨境服务贸易制度型开放的核心是立足中国实际,建立健全与国际高标准经贸规则相衔接的服务业开放制度体系,通过持续深化规则、规制、管理和标准的开放,提升服务贸易自由化和便利化水平。当前,我国以梯度开放为特征的跨境服务贸易自主开放实践,为服务业高质量发展提供了可预期的制度供给。然而,服务贸易高水平对外开放的规制需求、市场准入模式的国际差异以及日益严峻的外部环境,对我国跨境服务贸易制度型开放构成诸多挑战。需强化风险意识,结合改革经验和地方需求,顺应服务贸易数字化转型趋势,聚焦新一代国际服务贸易规则关键议题,关注服务贸易数字化趋势,持续加大现代服务业开放压力测试,提高国内监管透明度和可预期性;不断优化服务贸易开放谈判模式,有序推进跨境服务贸易高水平对外开放;善用国际舆论与法律工具,营造跨境服务贸易发展的良性制度环境。

自贸区设立何以赋能经济高质量发展——基于贸易、投资与创新的视角

自贸区是国内国际双循环背景下新一轮改革开放的“试验田”,其带来的制度创新与全方位改革对于驱动经济高质量发展具有重要意义。基于2000—2021年省级面板数据,借助自由贸易试验区设立这一准自然实验情景,系统考察自贸区设立对经济高质量发展的影响。研究发现:自贸区设立显著促进了经济高质量发展,这一结论经稳健性检验后依旧成立。从作用机制来看,自贸区设立通过贸易效应、投资效应及创新效应三条内在路径影响经济高质量发展。异质性分析发现,自贸区建设引致的经济高质量发展效应在不同设立批次、区位特征省份间存在异质性,且对设立批次早、内陆地区省份产生明显偏好。拓展性分析发现,自贸区建设通过空间溢出效应推动邻近地区经济高质量发展。研究结论在理论上为经济高质量发展新路径探索提供了全新视角,实践上为自贸区持续深化改革创新、推进更高水平对外开放提供了经验证据。

整体谋划和系统集成中国(新疆)自贸试验区的制度创新研究

党中央深远谋划和战略部署中国(新疆)自由贸易试验区,并赋予其更高水平开放的历史机遇。自贸试验区在构建新发展格局中的重要地位和作用无可替代。落实好重要战略举措,必须坚持聚焦使命、强化战略意识、深化创新突破,高标准高质量推进自贸试验区和联动发展区以构建新疆开放型经济新格局为重点加快发展。聚焦战略定位及发展目标,强化以制度创新为核心的责任意识,全面深化新时代经济工作的规律性认识,认真落实自贸试验区总体方案确定的目标任务;加快提高“数字政府”建设及运行效能,推进数字化“新动能”快速聚集;促进自贸试验区数字经济创新发展,聚力在战略性、全局性关键问题上实现突破;促进自贸试验区更高质量更高水平的对外开放;深化金融服务和开放创新,强化金融服务自贸试验区的功能。聚焦主要任务和措施,深化内外贸易一体化发展的制度创新,全力以赴推进贸易便利化和外贸新业态新模式的培育,重视RCEP框架下的自贸试验区建设与对外贸易发展,深度拓展海外市场;坚持推动全产业链和对外贸易的创新发展,高质量建设“八大产业集群”,加快培育和大力发展新质生产力;充分发挥国家级棉花棉纱交易中心优势,加快棉产业聚集,培育壮大新疆特色优势产业;持续拓展国际合作与产业融合发展的深度和广度,确保自贸试验区高质量建设行稳致远。

新发展格局下中国自贸试验区建设的现实约束、演进逻辑与政策取向

在构建新发展格局背景下,我国自贸试验区建设面临泛安全化倾向挤压开放合作空间、国际经贸规则重构抬高开放标准和要求、深层次体制机制障碍亟待突破等现实约束,需要处理好供需动态平衡、内外开放平衡、区域发展平衡,遵循由“效率优先兼顾安全”转向“效率与安全并重”、由“商品和要素流动型开放”转向“制度型开放”、由“产业演化路径依赖”转向“产业链协同创新”的演进逻辑。实施自贸试验区提升战略,要着力提升自贸试验区的平台能级,强化质量与安全导向,聚焦打造多点多极的双循环节点枢纽、提升国际经贸规则制定话语权、扩大产业高质量发展的示范带动效应“三向发力”。实施自贸试验区提升战略的政策取向为:坚持高水平对内对外开放,有效应对“脱钩断链”;对接高标准国际经贸规则,推进高水平制度型开放;破解深层次体制机制障碍,塑造高质量发展新优势。

“双自联动”加快构建新发展格局的理论思考与政策建议

本文以党的二十大和二十届三中全会精神为指导,基于稳步扩大制度型开放、构建“双循环”新发展格局和推进中国式现代化的战略要求,以中国对外签订自由贸易协定(FTA)和对内设立自贸试验区(FTZ)形成的两大网络体系为主轴,从理论上阐释了“双自联动”与构建“双循环”新发展格局之间的逻辑机理,揭示了“双自联动”的重点领域,以及通过FTA与FTZ三层次、多层级“双自联动”稳步扩大制度型开放与促进构建新发展格局的机制路径,为我国构建更高水平的开放型经济新体制提供自主创新的理论思路与实践对策建议。

黑龙江与俄远东地区对外经贸合作现状分析

黑龙江省与俄罗斯远东地区开展经贸合作有着天然的区位优势,目前两地的对外经贸合作现状呈现经贸合作依赖于中俄两国政府推动、主要以一般贸易和边境小额贸易方式为主、双方投资合作进程缓慢等特点;可以通过建立沟通机制、加强俄语经贸人才的培养等措施,以进一步加强两地经贸的合作。