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Forum in Zhoushan boosts emerging industries

Updated : 2019-12-05 (chinadaily.com.cn)

The 10th Forum on the Incubation of Emerging Industries in Free Trade Zones and Special Customs Supervision Zones was held in Zhoushan, East China's Zhejiang province on Dec 4.

More than 500 representatives from the General Administration of Customs, National Development and Reform Commission and over one hundred free trade zones and special customs supervision zones attended the forum.

The attendees discussed economic and trade cooperation, investment promotion, and capital docking, among other development-related topics.

Free trade zones (FTZ) and special customs supervision zones (SCSZ) are two different types of economic development zones. FTZs focus on trade, transshipment and re-export issues, while SCSZs focus on foreign investment and bonded processing trade in China.

The Zhejiang FTZ has been working on service reform for archival filing certification since Dec 1, showing its determination to provide enterprises with better policy and financial support, said Liu Bing, chairman of a Qingdao-based enterprise management company.

A high-ranking employee at the China Center for International Economic Exchanges called on FTZs in China to improve theirs business environment and system design and increase efforts to open up, among other things, in a bid to develop themselves.

The employee also suggested that the Zhejiang FTZ can explore better ways to promote opening up and improve business environment.

The forum will run until Dec 6. The attendees of the forum will visit and investigate the Zhejiang Zhoushan Archipelago New Area Marine Industry Cluster Area and the Zhoushan National Pelagic Fishery Base.