{"id":9777,"date":"2022-05-23T13:44:00","date_gmt":"2022-05-23T13:44:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3766035_HK66035_0"},"modified":"2022-05-23T13:44:00","modified_gmt":"2022-05-23T13:44:00","slug":"chinas-chongqing-shares-growth-dividends-after-a-year-into-comprehensive-pilot-program-for-sevice-sector-opening","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=9777","title":{"rendered":"China&#8217;s Chongqing Shares Growth Dividends after A Year into Comprehensive Pilot Program for Sevice Sector Opening"},"content":{"rendered":"<p><span class=\"legendSpanClass\"><span class=\"xn-location\">CHONGQING, China<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">May 23, 2022<\/span><\/span> \/PRNewswire\/ &#8212;&nbsp;In mid-May, a press conference was held to introduce <span class=\"xn-location\">Chongqing&#8217;s<\/span> first annual&nbsp;report on the Comprehensive Pilot Program for Service Sector Opening.<\/p>\n<p><span class=\"xn-location\">Chongqing<\/span> is located in <span class=\"xn-location\">China&#8217;s<\/span> western region which is home to 400 million&nbsp;people and one of the country&#8217;s most promising areas. Statistics showed that&nbsp;the total value of <span class=\"xn-location\">Chongqing&#8217;s<\/span> foreign trade has grown from 53.2 billion US&nbsp;dollars in 2012 to over 120 billion in 2021, setting a record high, according&nbsp;to Chongqing&nbsp;Municipal Commission of Commerce. In recent years, <span class=\"xn-location\">Chongqing<\/span> has&nbsp;been approved to implement pilot projects of FTZ, comprehensve innovative&nbsp;development of trade in services, service sector opening and international&nbsp;consumption central city.<\/p>\n<p>As one of the five provincial-level regions in <span class=\"xn-location\">China<\/span> and the only one in&nbsp;central and western <span class=\"xn-location\">China<\/span> which has been added to the Comprehensive Pilot&nbsp;Program for Service Sector Opening, <span class=\"xn-location\">Chongqing<\/span> has been focusing on building&nbsp;inland modern service industry development pilot zone, strengthening top-level&nbsp;design and system integration, and making steady progress in sevice sector&nbsp;opening since it has been approved as a pilot city in this regard.<\/p>\n<p>After one year&#8217;s innovative practice and reform exploration, <span class=\"xn-location\">Chongqing<\/span> has&nbsp;implemented 69 (82%) items out of the 86 tasks in the Overall Planning for&nbsp;Chongqing&#8217;s Service Sector Opening approved by the State Council. More than 40&nbsp;pioneering reform explorations have been carried out, and 356 modern service&nbsp;industry projects have been set up, driving forward the high-quality&nbsp;development of service industry and <span class=\"xn-location\">Chongqing<\/span> as a pacesetter of inland&nbsp;opening-up.<\/p>\n<p>In the past year, <span class=\"xn-location\">Chongqing<\/span> has expanded and opened up its service industry in&nbsp;key areas such as science and technology, trade and cultural tourism,&nbsp;education, finance, health care, data, rule of law, talents, investment&nbsp;facilitation, logistics and customs clearance etc.<\/p>\n<p>For example, in the field of science and technology, pilot projects have been&nbsp;carried out to grant researchers the ownership or long-term right of use of&nbsp;their scientific and technological achievements. In the financial sector, the&nbsp;QDLP pilot program was implemented and cross-border financing for science and&nbsp;technology enterprieses and exchange rate hedging services come true. In the&nbsp;field of logistics customs clearance, <span class=\"xn-location\">Chongqing<\/span> has pioneered customs&nbsp;supervision mode of bonded aviation materials with each airline as one&nbsp;supervision unit. In the field of commerce, culture and tourism, innovative&nbsp;pilot projects have been carried out to display and trade imported commodities.<\/p>\n<p>Due to a series of institutional innovations, a number of opening-up dividends&nbsp;have gradually emerged. <span class=\"xn-location\">Chongqing<\/span> now ranks first in the number of new R&amp;D&nbsp;institutions in the west of <span class=\"xn-location\">China<\/span>, has become the only national logistics hub&nbsp;city covering water, land and air transport in <span class=\"xn-location\">China<\/span>, and has built the Western&nbsp;China Data Exchange Center. <span class=\"xn-location\">China<\/span>(<span class=\"xn-location\">Chongqing<\/span>)-Singapore Cancer Hospital, the&nbsp;city&#8217;s first Sino-foreign joint venture non-profit medical institution, is now&nbsp;in operation. The New International Land-Sea Trade Corridor International&nbsp;Consumption Center, a bonded trade exhibition <span id=\"spanHghlt3c55\">center,<\/span> has been established. <span class=\"xn-location\">Chongqing&#8217;s<\/span> first Sino-foreign cooperative vocational school and three&nbsp;Chinese-foreign cooperatively-run schools have been set up.<\/p>\n<p>The opening of service industry has also become an important driver for&nbsp;optimizing the business environment. <span class=\"xn-location\">Chongqing<\/span> has optimized the&nbsp;complaint-handling mechanism for foreign-invested enterprises, innovated the&nbsp;customs tax guarantee mode, and refined the intellectual property protection&nbsp;and litigation mechanism. It also established a fast track for foreign talents,&nbsp;expanded the application of cross-border financial blockchain service platform,&nbsp;and initiated convenient services such as online foreign exchange collection&nbsp;and payment, service trade settlement business and smart customs declaration&nbsp;system. All these efforts make <span class=\"xn-location\">Chongqing&#8217;s<\/span> business environment more&nbsp;market-oriented, law-based and global-oriented.<\/p>\n<p id=\"PURL\"><img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=HK66035&amp;sd=2022-05-23\"> View original content:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/chinas-chongqing-shares-growth-dividends-after-a-year-into-comprehensive-pilot-program-for-sevice-sector-opening-301552891.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/chinas-chongqing-shares-growth-dividends-after-a-year-into-comprehensive-pilot-program-for-sevice-sector-opening-301552891.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHONGQING, China, May 23, 2022 \/PRNewswire\/ &#8212;&nbsp;In mid-May, a press conference was held to introduce Chongqing&#8217;s first annual&nbsp;report on the Comprehensive Pilot Program for Service Sector Opening. Chongqing is located in China&#8217;s western region which is home to 400 million&nbsp;people and one of the country&#8217;s most promising areas. Statistics showed that&nbsp;the total value of Chongqing&#8217;s [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":9778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-9777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China&#039;s Chongqing Shares Growth Dividends after A Year into Comprehensive Pilot Program for Sevice Sector Opening - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=9777\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#039;s Chongqing Shares Growth Dividends after A Year into Comprehensive Pilot Program for Sevice Sector Opening - My Blog\" \/>\n<meta property=\"og:description\" content=\"CHONGQING, China, May 23, 2022 \/PRNewswire\/ &#8212;&nbsp;In mid-May, a press conference was held to introduce Chongqing&#8217;s first annual&nbsp;report on the Comprehensive Pilot Program for Service Sector Opening. Chongqing is located in China&#8217;s western region which is home to 400 million&nbsp;people and one of the country&#8217;s most promising areas. 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Chongqing is located in China&#8217;s western region which is home to 400 million&nbsp;people and one of the country&#8217;s most promising areas. 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