Core Viewpoint - The Chinese government has issued a notification to replicate and promote 77 pilot measures from the Shanghai Free Trade Zone (FTZ) to enhance the alignment with international high-standard economic and trade rules, aiming for a higher level of institutional openness in the economy [1][3]. Group 1: Pilot Measures and Implementation - 77 pilot measures have been identified for replication, with 4 measures to be implemented in other FTZs and 43 measures to be promoted nationwide [1]. - The Ministry of Commerce emphasizes a gradual approach to implementing these measures, focusing on risk control while expanding the scope of international rule alignment [2][3]. Group 2: Focus Areas for Innovation - The initiative will focus on promoting service trade, green trade, and digital trade, with an emphasis on institutional innovations that support new business models and new industries [2]. - The Shanghai FTZ aims to create a high-quality development model by exploring institutional breakthroughs in areas such as artificial intelligence and fintech [2]. Group 3: Achievements and Future Plans - The Shanghai FTZ has successfully implemented 80 pilot measures, resulting in enhanced trade and investment facilitation, accelerated digital trade innovation, and deeper institutional reforms [3]. - Shanghai's digital trade imports and exports are projected to reach $109.53 billion in 2024, representing a 4.9% year-on-year growth and accounting for 30.1% of the national total [4]. Group 4: Financial Sector Developments - The People's Bank of China plans to support the replication of successful financial innovations from the Shanghai FTZ, including the promotion of digital RMB applications and optimized electronic payment services [5].
多部门协力部署 复制推广上海自贸试验区77条试点措施
Shang Hai Zheng Quan Bao·2025-07-04 19:00