Thursday, June 20, 2019
China (Shaanxi) Pilot Free Trade Zone Development Forum is held to further the country's opening up and development
  SocialTwist Tell-a-Friend  

XI'AN, China, May 14, 2019 /PRNewswire/ -- The China (Shaanxi) Pilot Free Trade Zone Development Forum was held in Xi'an, the capital of Shaanxi province on May 12. The forum was hosted by Shaanxi Provincial People's Government and organized by a cohort of firms and organizations, including the Shaanxi Provincial Department of Commerce (the provincial office handling the promotion of free trade) and the Belt and Road Pilot Free Trade Zone of Xi'an Jiaotong University.

China (Shaanxi) Pilot Free Trade Zone Development Forum

The event was comprised of one main forum and two parallel conferences: China (Shaanxi) Pilot Free Trade Zone Development Forum, China (Shaanxi) Pilot Free Trade Zone Innovation and Development Seminar and Seminar on Synergetic Development among Five Provinces in Northwest China.

Themed "deepening reform and opening up and promoting high-quality development in the pilot free trade zone", the forum invited officials from government authorities involved in the advocacy and promotion of free trade zones, subject matter experts on the topic from within China and from abroad, representatives from some of the most well-known international free trade zones as well as from several leading think tanks to discuss enhancing the zones' ability to meet the central government's "opening up" objectives, improving the business environment within the zones, creating more opportunities for further cooperation and development among free trade zones under the Belt and Road Initiative, in addition to furthering the reform and opening up of inland pilot free trade zones and  building consensus for the high-quality development of Shaanxi Pilot Free Trade Zone.

In the past two years since its inception, China (Shaanxi) Pilot Free Trade Zone has strategically positioned itself to deliver innovative solutions around fundamental models that are replicable and scalable, and, working independently, has made quite a lot of progress in doing so. The zone has also aggressively developed a hub, portal and blueprint for a mobile economy that will lead to the build out of an infrastructure to support the Belt & Road initiative as well as the further development of Western China. The zone has explored and experimented with different models for streamlining administration, strengthening regulation and improving services in a move to facilitate investment, trade, cultural exchanges and international cooperation in modern agriculture, demonstrating the pilot free trade zone's position as a test field for further enhancing reform and opening-up policies.

As of the end of March 2019, the zone was home to 40,694 businesses and organizations, including 347 foreign-invested companies. The zone witnessed a significant decrease in overall customs clearance time. Foreign trade in and out of the zone valued 264.9 billion yuan (approx. US$38.6 billion) in 2018, accounting for 75% of Shaanxi province's total exports and imports. Driven by the pilot free trade zone, the province recorded combined exports and imports amounting to 351.38 billion yuan (approx. US$51.3 billion) and total output value amounting to 2.44 trillion yuan (approx. US$356 billion) for the year, up 29.3 percent and 8.3 percent, respectively, with the latter 1.7 percentage points higher than China's average growth rate. This has set a new starting point for the province's economic and social development alongside the initial goal of promoting the country's opening up initiatives.

Shaanxi provincial vice governor Zhao Gang said that the Chinese government confirmed its determination to deepen  reform and opening-up  in the new era with practical measures  during the 2nd Belt and Road Forum for International Cooperation. Shaanxi will leverage the pilot free trade zone's position as a laboratory for developing and testing policies that support the implementation of the measures with the aim of providing companies with a fair, open, unified and efficient access to a friendly legal and business environment that assists them in expanding their globalization efforts, while raising the bar and delivering according to the new "bar" on what is expected in terms of the country's reform and opening-up. The province plans to work together with countries targeted by the Belt &  Road initiative with a goal of creating a more productive future by capitalizing on the pilot free trade zone serving as a platform to strengthen communications, exchanges and pragmatic collaborations on projects that will bring benefits to all.

For more information about the event, please visit

About China (Shaanxi) Pilot Free Trade Zone

China (Shaanxi) Pilot Free Trade Zone is one of China's pilot free trade zones approved by the Chinese government on August 31, 2016 as part of the third group of such zones to be approved as well as the sole pilot free trade zone in northwestern China. The zone is strategically positioned to deliver innovative solutions for fundamental models that are replicable and scalable, to implement the Central Committee of the Communist Party's  and the State Council  of China's requirements for  enhancing the Belt & Road Initiative's role in the development of Western China while supporting the access of the country's western gateway cities to foreign markets, to transform the pilot free trade zone into a test field for the implementation of the country's ongoing reform and opening up policies, to lead other Chinese inland cities in reform and opening up and to create a key base to support the economic cooperation and cultural exchanges with countries targeted by the Belt & Road initiative.

Photo -  

More News by PR Newswire India

Versa Networks Achieves NSS Labs Recommended Rating in the 2019 SD-WAN Group Test with its Security-Enabled SD-WAN

First-ever successful mind-controlled robotic arm without brain implants

Learn How to Map Your Organization's Journey to Customer Satisfaction and Success

HONOR Kicks off HONOR 20 Global Availability, Continues Record-breaking Sales Performance in China

Global Premiere of Renault TRIBER in India

LG U+ Selects iBwave as the Tool of Choice to Bring Asia's First 5G Stadium Design

Engine Restoration Begins on One-of-a-Kind Ferrari Boat

Waystar's Uniquely Agile Ambulatory RCM Solution for Automating Claims Resolution Acclaimed by Frost & Sullivan

Employees Rate Enterprise's Pam Nicholson as Top CEO for Fourth Year in a Row

Siklu Delivers Public Safety and Public Wifi for the City of Cambridge, Ontario Canada

UNSW's India Open Day Returns for a Promising 2nd Innings

Retraining and Retaining: The effect of Automation

Arms Race Driving Investment in C4ISR, Missile Defense Systems, and Network-Centric Warfare Models

EdgeVerve Product TradeEdge Receives POI Best-in-Class Award for Distributor Management

EuroKids Franchise Orientation and Awards Night - Bringing Together the Partners for a Celebration

JD Institute is now Certified as 'Global League Institute' at the House of Commons by Great Place to Study Research Institute

MEIL Constructs the Largest Lift Irrigation Marvel: KLIP Ready for Inauguration

Data Analytics Outsourcing Market in India is Worth $27 Billion: Study by AIM & Praxis Business School

Kitchen BrainsÂź appoints Dave Jendal Vice President, Global Business Solutions

QS World University Rankings 2020: MIT Top, US Universities Hit Historic Low

Increase in Interest for EB-5 in India - EB-5 India Reaches its per Country Limit in July, 2019

Capsave Finance Pvt Ltd. posts net profits in second year of operations

Libyan Sovereign Wealth Fund Refused Permission to Appeal

Frost & Sullivan Global Survey Outlines the Next Wave of Technology Disruptors

Aeroflot Named Best Airline in Eastern Europe for Eighth Time at Skytrax World Airline Awards 2019

Arria NLG and UiPath push digital transformation and automation forward with new strategic partnership

Piramal Pharma Solutions recognized by Frost & Sullivan for its End-to-End Integrated Services Across the Entire Drug Development Life Cycle

Cendyn announces strategic follow on equity investment from Accel-KKR

Brickwork Finance Academy Proudly Conferred the Seventh Convocation and Announced the Eighth Inaugural of its Banking and Financial Analyst Certification Program

Publicis Sapient Announces John Maeda as Chief Experience Officer

Art of the Wild Comes to Life in Paris at the Extravagant Launch of HyperNature, an Event by Perrier-Jouët

Hatsun Agro Product Ltd – Update on Start of Cattle Feed Production in Maharashtra and Expansion of Company Retail Outlets

SubAir Could be a Solution to the Wet Outfields of the Cricket World Cup

US Army deploys Howler counter-UAS capability into the battlefield

LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materials

Casio has Inducted a Market Sweep Action in Kolkata

Global 3D Print Materials Market for Healthcare Industry Set for Quantum Change and 20.3% CAGR Growth from 2018 to 2025

The Republic of Ecuador Announces the Results of Its Invitation for Offers to Tender for Cash Its 2020 Notes

Amazon India Emerges as the Country's Most Attractive Employer Brand Followed by Microsoft India: Randstad Employer Brand Research 2019

ColorTokens Takes Zero Trust Security to a New-generation by Unifying Network and Endpoint Security Into a Single, Cloud-delivered Platform

Companies with a strong travel culture have a competitive advantage: New research from Harvard Business Review Analytic Services in association with Egencia

Thomas Wittek Appointed as R. STAHL India MD and Board Member

RateGain Acquires BCV to Help Hotel Chains Maximize Guest Lifetime Value

Wise MPay Partners With Jelurida to Launch Blockchain Financial Services Platform in Southeast Asia

India's SME-focused Digital Neo Bank EZOTO Gearing up for Launch in June 2019

Aiozium Launched SaaS-based Marketing Intelligence Tool Powered by AI

TV18 Broadcast India Upgrades its Newsgathering Operations with Over 100 LiveU LU600 HEVC Units

Exotel Turns Eight, Eyes the Global Customer Communication Market

Comscore Appointed as Official Digital Partner for Ad Rates in India

Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India

Golden State Killer Case Selected As 2019 DNA Hit Of The Year

Artprice (New York) - Thierry Ehrmann: Patrick Drahi's Acquisition of Sotheby's Confirms the Art Market's Entry Into the Digital Era of the 21st Century

Citi, Societe Generale, DNB and other leading international banks promote greener global shipping through new principles

Bitdefender Expands APAC Presence With New Strategic Hire

IGP (Israel Growth Partners) Together With Its Major LPs Invest $110M in Cellebrite

The HONOR 20 Color Report: 'Positivity' in Vogue in Fashion Capitals London and Milan

LONGi ranked the most financially stable PV manufacturer by Bloomberg NEF

GCL System Integration Among First Companies Awarded LeTID test Certificate from TÜV Rheinland

Canopy Growth provides update on international operations and activities

Polygoons, Inc Enhances its Augmented and Virtual Reality Technology

Coursmy Launches Global Live and Video E-learning Marketplace Platform

6th Anniversary of BTC Futures Trading, OKEx Enhanced Risk Management System for a Better "Future"

DLF CYBERHUB and AMPM Café Celebrated Father's Day With Harley-Davidson Riders

Thailand's surge in IMD competitiveness list reflects dynamic economy, says BOI

TB Joshua to Host Meeting in Nazareth, Israel

OPPO Roars for Team India; Released Song ‘Jeet Pe Apna Haq Hai’ Created With Fans’ Heartbeats

From Black Hole Imaging to NASA Climate Research - Supermicro High-Performance Systems Support Major Scientific Discovery & Exploration Even to Distant Galaxies

Seamless Air Alliance showcases technologies enabling the future of inflight connectivity at Paris Air Show 2019

Sino-Russian (Harbin) economic and trade index launched to serve as barometer of bilateral trade

Danone and Migros CEOs Elected New Co-Chairs of The Consumer Goods Forum Board

Anant National University Welcomes its New Provost, Dr Anunaya Chaubey

One Man's Dream - India's Digital Awakening

Snehal Nagarsheth Joins Anant National University as Dean, School of Architecture

Systech and Toppan Sign Partnership Agreement to Deliver Brand Protection Solutions Worldwide

Top 10 Disruptive Digital Media Houses to Watch Out for in 2019-20

The 2019 China and South Asia Aviation Trends Forum Promotes Common Development through Interconnection and Cooperation

edelkrone Introduces Their First ORTAK Product

Health Horizons' Original Recipes Transform the Hemp Industry

FE CREDIT, Focussed on First Time Card Users in Vietnam, Crosses the One Million Cards Milestone and Gets the "Best in Card Acquisition" Award from Mastercard.

SALT Announces Its Signature Global Thought Leadership Conference In Abu Dhabi, UAE

The Cost of Anti-Money Laundering Compliance in Asia Pacific Region Increased 10% in Past 24 Months, Finds Study by LexisNexis Risk Solutions

Kemin Launches New Vision and Logo for the Future

Rove At The Park Opens Doors to a Thrilling Lifestyle Experience in Dubai Parks and Resorts

'One nation, one election' not feasible ...
Naveen supports 'one nation, one electio...
'One nation, one election' may not succe...
PM to form committee on 'one nation, one...
'One nation, one election' a diversionar...
Nine-month-old raped, murdered in Telang...
 Top Stories
Economic Advisory Council refutes S... 
European gelato machine maker Valma... 
7 sent to police custody for attack... 
PM to form committee on 'one nation... 
Deora differs from party, seeks deb... 
FSDC meet discusses economy, NBFC s... 
Late goal helps Chennaiyin salvage ... 
USA: Prosecutors find 'cult' leader...