6 BEIJING REVIEW MARCH 12, 2020 http://www.bjreview.com
THIS WEEKECONOMY
Investment Steps
Shanghai unveiled a number of
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tate the development of foreign-
invested enterprises, as part of its
efforts to further open up and spur
growth, and minimize the impact
of the novel coronavirus outbreak.
The city aims to build up for-
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term investment and operation by
easing market access, Hua Yuan,
Director of the municipal commis-
sion of commerce, said during a
teleconference.
“We will strive to expand
opening up in key sectors includ-
ing telecommunication, insurance,
securities, research and technical
services, education and health
services,” Hua said.
He urged more support for
attracting foreign investment,
especially in high value-added
modern service industries such as
advanced manufacturing, science
and technology services as well as
information services.
Shanghai is expected to see
40 more regional headquarters
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foreign-funded research and
development centers this year,
according to him.
Teleworking modes such as
video conferences and online
contracts should be promoted to
strengthen communication with
foreign investors, he added.Foreign Trade
China’s foreign trade is capable of
weathering the novel coronavirus
outbreak and will see progress
once the epidemic is contained,
experts said.
“Though China’s foreign tradeWei predicted imports would
rise rapidly in the wake of the
outbreak as it has not dampened
consumer demand and there is
huge development potential in
the healthcare, travel, culture and
training sectors.
Noting that the impact of the
outbreak might ripple around
the world and disrupt the global
supply chain, Wei advised China,
Japan and the Republic of Korea
to strengthen industrial coopera-
tion to minimize uncertainties.
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certain areas and is temporary,
but the cooperation on supply
chain is long-term and based on
strategic considerations,” said
Zhang Yansheng, chief researcher
with the CCIEE.
With the emergence of new
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intelligence and 5G, the col-
laboration on supply chain will
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according to Zhang. “Since China
has experienced transformations
amid economic slowdown, I be-
lieve this epidemic can also bring
opportunities,” he said.$YLDWLRQó,QGXVWU\
The civil aviation sector has
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against the novel coronavirus,
according to the Civil Aviation
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The sector had transported
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demic prevention and control via
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from CAAC showed.
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gency materials had been sent
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and civil airlines had brought
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stranded overseas back to China
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Flights between China and
Japan, and China and the Republic
of Korea have been reduced
since the virus spread in the two
countries.
The aviation industry is pay-sector is facing a big test, it can
deliver satisfactory results,” Wei
Jianguo, Vice Chairman of the
China Center for International
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Wei estimated that exports
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months of the year but rebound in
the second quarter, while imports
will notch double-digit year-on-
year growth in 2020.
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contributors to China’s foreign
trade, and are more sensitive
and open to market changes com-
pared to the 2003 SARS epidemic
period, Wei said. He cited Yiwu
International Trade Market in the
eastern province of Zhejiang as an
example, noting that businesses
there have restarted operation
recently after detecting market
demand.XINHUALooking Ahead to a Better Future
A staffer conducts a survey at the construction site of a high-standard farmland in Natang Village in Xigaze, Tibet
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high-standard farmland by leveling and connecting scattered lands and building irrigation facilities.