On September 3, the State Council Information Office held a regular briefing on the State Council’s policies to introduce several measures to promote the reform and innovation of trade and investment facilitation in the pilot free trade zone.

Wang Shouwen, Vice Minister of Commerce and Deputy Representative of International Trade Negotiations, introduced that the Pilot Free Trade Zone has contributed to the stabilization of China's foreign trade and foreign investment, and also greatly promoted the development of the free trade zone's own export-oriented economy and industrial development.

In the first seven months of 2021, the 21 pilot free trade zones accounted for 16.6% of the country’s import and export volume, an increase of 42% year-on-year; the actual use of foreign capital accounted for 17% of the country’s total, which was far higher than the national average.

(Reporter Jean Baokui produced Zhou Jing)

Editor in charge: [Lu Yan]

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