Government work report: accelerate the development of cross-border e-commerce and other new formats

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Li Keqiang said that we should promote a higher level of opening up to the outside world and stabilize the basic market of foreign trade and foreign investment
Xinhua news agency, Beijing, may 22 (Xinhua) — Premier Li Keqiang said in a report on the work of the government on May 22 that in the face of changes in the external environment, we should unswervingly expand opening up, stabilize the supply chain of the industrial chain, and promote reform and development through opening up.
We will promote basic stability in foreign trade. We will focus on supporting enterprises to increase single and stable posts to ensure employment, increase credit supply, expand export credit insurance coverage, reduce import and export compliance costs, and support the transfer of export products to domestic sales. Accelerate the development of cross-border e-commerce and other new formats, and improve the international freight capacity. We will promote a new round of pilot projects for innovative development of service trade. We will make good preparations for the third China International Fair, actively expand imports, and develop a high-level market for the world.
Actively utilize foreign capital. We will significantly reduce the negative list of foreign investment access and introduce a negative list of cross-border service trade. We will give the pilot Free Trade Zone greater autonomy in reform and opening up, accelerate the construction of Hainan’s free trade port, set up pilot free trade zones and comprehensive bonded zones in the central and western regions, and expand the comprehensive pilot service sector. We will create a market environment in which domestic and foreign enterprises compete equally and fairly.
High quality and build one belt, one road. Adhere to the principle of common consultation, co construction and sharing, follow the market principles and international prevailing rules, give play to the main role of enterprises, and carry out mutually beneficial cooperation. We will guide the sound development of foreign investment.
We will promote trade and investment liberalization and facilitation. We will firmly uphold the multilateral trading system and actively participate in the reform of the WTO. We will promote the signing of regional comprehensive economic partnership agreements and promote free trade negotiations between China, Japan and South Korea. Jointly implement the first phase of China US economic and trade agreement. China is committed to strengthening economic and trade cooperation with other countries to achieve mutual benefit and win-win results.