www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Opinion / From the Press

Free trade zones are for reform, not preferential policies

By Li Yang (chinadaily.com.cn) Updated: 2014-06-09 09:05

Establishing the pilot free trade zone in Shanghai is to explore a transplantable reform path for national financial reform. It is wrong that officials from other cities think the central government will tailor preferential policies for the zone, says a 21st Century Business Herald article. Excerpts:

Roughly 20 cities have applied to the central government to set up a free trade zone since the first pilot free trade zone was founded in Shanghai last September.

Xinhua News Agency said the central government is not satisfied with the swarm of applicants and has turned down all applications.

The fact is that the applicants do not understand the central government’s purpose in setting up a free trade zone and only want to seek preferential policies from the central authority.

There used to be a trend among local governments several years ago toward establishing development zones and industrial parks. It was a time when the government needed to attract investments with low tax rates, cheap land and resources. That model is now outdated. The central government chose Shanghai for the free trade zone to explore a path for future financial reforms. But many local governments have mistaken it as a new beginning to compete for preferential policies and investments from the central authority.

The recent decline in the property market, which has shrunk the governments’ revenue from land sales, is placing pressure on local governments to regard establishing a free trade zone as an opportunity to boost their local economies and increase revenues.

The main tasks for the Shanghai FTZ include forming a market-oriented interest rate, making the yuan convertible for capital accounts, realizing a market-based exchange rate reform, and building up an efficient administration system for a modern financial industry. None of this is easy.

The misunderstanding over what a free trade zone constitutes is a reminder for the central government that there is an urgent need of transforming local officials’ mindsets. They should know that the old investment-driven models, based on preferential policies, are not sustainable.

Deepening reforms is by no means a task of only the central government, but needs joint efforts of governments of various levels.

Most Viewed Today's Top News
...
主站蜘蛛池模板: 久久久久久久久久久福利观看 | 亚洲精品一区二区不卡 | 国产一区二区三区免费在线观看 | 一区二区国产精品 | 夜色福利久久久久久777777 | 午夜在线视频一区二区三区 | 久久性久久性久久久爽 | 毛片爽爽爽免费看 | 亚洲女人被黑人猛躁进女人 | 成人久久 | 步兵网站| 亚洲国产高清视频 | 91福利网| 另类在线 | 成年人在线免费观看网站 | 美女扒开双腿让男人爽透视频 | 亚洲精品自拍视频 | 国产90后美女露脸在线观看 | 欧美一二三 | 欧美毛片aaa激情 | 欧美精品亚洲一区二区在线播放 | 国内免费视频成人精品 | 欧美午夜精品久久久久免费视 | 免费一级网站 | 国产一级黄色 | 国产欧美日韩一区 | 加勒比日本道 | 精品国产免费久久久久久 | 亚洲一区欧美一区 | 精品日韩在线 | 亚洲 欧美 日韩 丝袜 另类 | 亚洲 欧美 激情 另类 校园 | 91久久| 久久免费视频在线观看30 | 国产极品精频在线观看 | 97视频精品 | 台湾三级香港三级在线中文 | 综合在线视频 | 天天碰夜夜操 | 欧美特黄一区二区三区 | 国产精品日本一区二区不卡视频 |