High-level opening-up drives Beijing-Tianjin-Hebei development

Source:Xinhua Published: 2019/1/19 18:11:34

Beijing will attract international financial and service institutions to set up regional headquarters or branches, the city mayor Chen Jining said at the ongoing annual session of the municipal legislature.

"High-level opening-up" is a key phrase in the latest annual government work reports of Beijing, its neighboring port city of Tianjin, and Hebei Province--a regional city cluster being promoted by China.

The country initiated a strategy to coordinate the development of these three places five-years-ago through exploring a new growth model in densely-populated areas, featuring a better economic structure, a cleaner environment and improved public services.

In recent years, a growing number of foreign-funded firms have settled down in the national capital.

In 2017, China's first foreign-controlled joint venture in aircraft maintenance was founded in Beijing's Shunyi District. Last year, the world's three major rating agencies -- Fitch Ratings, S&P Global and Moody's -- registered wholly-owned subsidiaries in the capital.

The number of foreign-funded companies in CBD in Chaoyang exceeded 10,000 last year, or nearly one-third of the capital's total of foreign firms, the CBD administrative committee said. Foreign-funded companies have become the major driver of economic development in the area.

Sun Yao, deputy director with the Beijing Municipal Commerce Bureau, said the industrial structure of foreign investment had been optimized since the central government allowed Beijing to pilot policies opening the service industry wider in 2015.

In sectors of finance, science and technology, and culture, Beijing relaxed market entry rules for foreign capital. "The service industry has become more open, attractive and competitive," he said.

EFFICIENT SERVICE

The actual use of foreign capital in Beijing-Tianjin-Hebei region accounted for 3.3 percent of the area's total GDP in 2010. In 2017, the figure rose to 4.8 percent, according the National Bureau of Statistics.

Experts attributed the progress to better government services and a series of integrated policies.

Thanks to the tailored policy by the Tianjin entry-exit inspection and quarantine bureau, the Tianjin plant owned by Denmark-based Novozymes, the world's largest producer of industrial enzymes, has seen improved logistics efficiency and less costs.

Shi Jia, the marketing communications manager of Novozymes (China) Investment Co. Ltd., said all imported goods can be delivered directly to the plant's warehouse, and quarantine work can be carried out at the company.

In 2014, an integrated customs clearance reform was launched in Beijing, Tianjin and Hebei, which began to share a new information system for customs declaration, risk control, data checks and site work. Around 8,600 firms in Beijing benefited from the program by the end of 2018, according to Beijing customs.

The efficient customs clearance supervision and service have bolstered export growth. In the first three quarters of 2018, the total import and export of goods in Beijing surpassed 2 trillion yuan (around 295 billion U.S. dollars), up more than 25 percent year on year.

On Thursday, Beijing issued a series of policies and measures to streamline administration and optimize the business environment, involving business registration, tax payment, cross-border trade and access to the power grid.

Wang Hongcun, deputy inspector of the Beijing Municipal Commerce Bureau, said the capital will set up 10 new demonstration shops in 2019 to boost cross-border e-commerce.

MORE REFORMS SERVE HIGH-LEVEL OPENING-UP

Beijing mayor Chen Jining said the city would exert greater efforts for reforms in investment, customs management, trade facilitation, cross-border service trade, financial service, e-commerce and intellectual property protection in the future.

Hebei will speed up opening-up in agriculture, mining, manufacturing, education, medical services and cultural industry, according to the provincial governor Xu Qin when delivering a government work report.

The province will put more efforts into 10 Sino-foreign cooperation industrial parks this year, and seek approval for Hebei pilot free trade zone as early as possible.

To advance high-level opening-up, Tianjin mayor Zhang Guoqing said in this year's municipal government work report that the city would continue to deepen reform of its Free Trade Zone and build a more open and transparent market access model.

Beijing Daxing International Airport, scheduled to open in September, sits at the junction of Beijing's Daxing District and Langfang, a city in Hebei. The new airport is expected to handle 45 million passengers annually by 2021 and 72 million by 2025.

Hendrick Sin, a Tianjin political advisor and president of Hong Kong Internet Professional Association, said Beijing had the country's leading research and talent resources.

"The coordinated development of Beijing, Tianjin and Hebei will make the region into a cluster of high-tech enterprises and an innovation center in China," he said.

Posted in: POLITICS

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