11 Oct 2017
Action Plan of Shanghai for Playing Bridgehead Role under ‘Belt and Road’
Shanghai has announced plans to position itself as a pioneer in the successful implementation of China’s Belt and Road Initiative (BRI), while also serving as a national hub for innovation-driven development. The city’s new blueprint – the Action Plan for Shanghai to Act as a Bridgehead in the Service of the Belt and Road Initiative, as issued by the Shanghai Municipal Government on 11 October this year – also sees it functioning as a development platform for the Yangtze River Delta, the Yangtze River Basin and the country as a whole. It will also look to help co-ordinate the development of China’s eastern, central and western regions, while also facilitating the wider opening up of the country to the outside world. The Action Plan puts forward 60 actions for trade and investment facilitation, including:
- Utilising the facilities of the Shanghai Pilot Free Trade Zone to achieve a closer alignment with the systems and regulations of the countries along the routes of the BRI.
- Accelerating the construction of the Shanghai Free Trade Port Area and hastening reform in a number of inter-related areas, including international trade, shipping logistics and financial services, as a means of optimising future international business ventures.
- Striving to streamline the requirements for outward-bound investment record filing.
- Constructing a dedicated bonded exhibition centre for items imported from countries along the BRI routes, while also establishing a specialised direct foreign trade platform, under the auspices of the Shanghai Pilot Free Trade Zone, with a focus on certain imported goods, including wines, automobiles, pharmaceuticals, cosmetics, diamonds and jewellery.
- Improving the role of the Shanghai Pilot Free Trade Zone as a facilitator of the trade in cultural services, while generally promoting enhanced exchanges in the cultural and creative sectors.
- Promoting the further development of cross-border e-commerce along the BRI routes.
For details (in Chinese), please refer to the following links: