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Policy

China to roll out policies for dev., opening-up of its central and western regions

March 27, 2019


Abstract : China will soon launch a string of policies covering fields like industrial transfer, service trade and investment attraction to boost the development and opening-up of its central and western regions.

BEIJING, March 27 (Xinhua) -- China will soon launch a string of policies covering fields like industrial transfer, service trade and investment attraction to boost the development and opening-up of its central and western regions.

According to China's Central Comprehensively Deepening Reforms Commission, China will put more emphasis on the green development of its western area.

The National Development and Reform Commission (NDRC), China's top economic planner, has clarified that support will be provided for central China to undertake domestic and international industrial transfer by leveraging the regions' related advantages.

NDRC also announced that support will be given to central and western China to build demonstration areas for transformation of scientific and technological achievements, in a bid to foster scientific and technological innovation in these areas.

Besides, related authorities such as China's Ministry of Commerce have already started working on measures to advance innovative development of the trade in services in central and western China and guide the transfer of processing trade to these regions.

As for investment attraction, a new catalogue of industries in which foreign investment is encouraged is expected to be introduced soon, a move to expand investment scope in these regions for foreign investors. (Edited by Gu Shanshan)

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Keyword: China central opening-up western

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