China News Agency, Beijing, April 1st (Reporter Li Xiaoyu) China has recently opened its water and oil and gas industry chain. Officials said that this is beneficial to stabilize foreign trade and foreign investment under the current situation.
China recently issued new rules to support the Zhejiang Pilot Free Trade Zone to introduce experienced exchanges in New York, London, Singapore, Dubai and other places as strategic investors, and to introduce the resources of international oil traders. China will also support the construction of an international energy trade and trading platform in the Zhejiang Pilot Free Trade Zone to promote the accelerated development of international oil and gas trade there.
Under the epidemic, China is under pressure to stabilize its foreign trade and foreign investment. Due to the obstruction of the flow of people and logistics, many overseas economic activities stopped abruptly, and many Chinese foreign trade companies' orders were cancelled. According to the latest report of UNCTAD, global foreign direct investment may fall by 30% -40% from 2020 to 2021.
At the press conference held on the 1st, Tang Wenhong, the director of the Port Division of the Ministry of Commerce of the Ministry of Commerce of the People's Republic of China, stated that under the current circumstances, it will support the introduction of international oil traders in the Zhejiang Pilot Free Trade Zone, and appropriately launch refined oil export business. Market-oriented reforms in the field of oil products circulation are conducive to the work of stabilizing foreign trade and foreign investment.
Xia Wenzhong, deputy director of the Management Committee of China (Zhejiang) Pilot Free Trade Zone, said that the new rules will not only help increase domestic oil demand, but also have an impact on the entire industrial chain of oil and gas storage and transportation, refining, trade, and trading, and attract more A large number of international ships and shipowners have promoted the development of international maritime service industries such as bonded marine fuel oil supply, material supply, ship maintenance, and shipping transactions.
According to official statistics, the Zhejiang Pilot Free Trade Zone has accumulated more than 6,000 oil and gas companies of all types. In 2019, the oil product trade exceeded 320 billion yuan, making it the region with the highest concentration of oil and gas companies in China. (Finish)