The Yangtze River Delta has taken a new step in high level coordinated opening up

Mondo Finance Updated on 2024-02-14

In the middle of winter, the Chuanshan Port Area of Ningbo Zhoushan Port in Zhejiang Province is a busy scene.

As the world's largest port in terms of cargo throughput, Ningbo-Zhoushan Port will have a cumulative container throughput of 3,530 in 202310,000 TEUs, a year-on-year increase of 585%, becoming the third port in the world with an annual container volume of more than 35 million TEUs after the ports of Shanghai and Singapore.

Facing the busy main channel of the Pacific Ocean, the Yangtze River Delta now takes Shanghai and Ningbo-Zhoushan ports as the core, and 16 ports such as Nanjing, Hangzhou, and Suzhou as the backbone, and the overall pattern of port clusters for the common development of other ports has basically taken shape, and the container throughput of the Yangtze River Delta ports accounts for about 38% of the country in 2022.

The Yangtze River Delta region has always been at the forefront of reform and opening up, with a broad field of vision and a myriad of throughput. **The general secretary stressed that "we will promote high-level opening-up with a focus on institutional opening-up" and "strive to become a powerful engine for smoothing China's economic cycle and a strategic hub connecting domestic and international dual circulation".

Over the past decade, the Shanghai Pilot Free Trade Zone has become a test field for deepening reform and a pioneer in institutional opening-up. The picture shows the Expo Cultural Park located in the Expo area of the China (Shanghai) Free ** Pilot Zone, and the headquarters of central enterprises is the rear right. Photo by Xinhua News Agency reporter Fang Zhe.

Free trade zones are an important carrier of China's institutional opening-up. The Yangtze River Delta region, including Shanghai, is the earliest and most concentrated area of the national free trade zone

The Shanghai Free Trade Zone took the lead in building a "single window" for Shanghai International to support the data processing of more than 1 4 goods in the country; In 2022, the output value of Jiangsu's biomedical industry will reach 500 billion yuan, ranking among the top in the country, of which the free trade zone will contribute half; The Zhejiang Free Trade Zone, which does not produce "a drop of oil", relies on institutional innovation to build the entire oil and gas industry chain; The Anhui Free Trade Zone has explored reform measures such as "one business, one certificate, one code" for enterprises to set up, and the time limit for handling approval items for "one license" has been reduced by more than 85% ......on average

In April 2023, as an institutional innovation in the Shanghai Lingang Special Area, the first offshore "ship-to-ship" bonded LNG bunkering business in China was officially launched.

According to the relevant person in charge of the Lingang New Area, since its unveiling, the Lingang New Area has become a "test field" for the agglomeration and development of various new national business formats. It is the first port in the country to provide bonded LNG bunkering services for international ships, and has carried out the country's first foreign-funded "coastal piggybacking" business, and has formed 103 pioneering innovation cases, of which 48 are the first in the country.

The continuous enrichment of the level of opening up and the increasingly diversified institutional innovation are vivid footnotes to the expansion of high-level opening up in the Yangtze River Delta.

In July 2023, Corning Group, a foreign-funded company, will bring its Continuous Pharmaceutical Technology Co., Ltd. to Suzhou. Previously, the company has laid out a continuous flow reactor company in Jiangsu, a consumer electronics cover processing and production enterprise in Zhejiang, a large number of new energy vehicle chain enterprises in Anhui, and three manufacturing plants in Shanghai.

The Yangtze River Delta's solid industrial foundation, excellent business environment, and rich talent pool are important supports for enterprises to continue to invest. Corning said.

Backed by the Yangtze River and facing the Pacific Ocean, Shanghai has long been the leader of China's opening up.

At present, Shanghai is promoting the upgrading of the functions of the "five centers", carrying out the comprehensive reform pilot of Pudong New Area, promoting the high-level and all-round institutional opening up of the Pilot Free Trade Zone and the Lingang New Area, and enhancing the level of Hongqiao International Open Hub. Relying on platforms such as the CIIE, Shanghai will continue to amplify the overall effectiveness of reform and opening up, and provide key support for Chinese-style modernization.

In 2022, the total import and export volume of goods in the Yangtze River Delta region will be 1507 trillion yuan, accounting for 35 percent of the country8%;The total import and export volume of services exceeded 25 trillion yuan, accounting for 42 percent of the country8%;The actual utilization of foreign capital was 75.9 billion US dollars, accounting for 40 percent of the country1%……Actively promoting high-level coordinated opening-up, the Yangtze River Delta region is accelerating its development into a powerful engine for smoothing China's economic cycle and a strategic hub connecting domestic and international dual circulation.

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