BRI NEWS Premier Li hopes Shanghai as example in further reform and opening-up

BRI NEWS

Premier Li hopes Shanghai as example in further reform and opening-up

CGTN

15:59, August 25, 2019

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Photo via VCG

Chinese Premier Li Keqiang has called on Shanghai to show its leadership on further reform and opening-up during his two-day inspection tour to the municipality that ended Tuesday.

Based on the practice of the free trade zone in past five years, the new district is the progress of reform and opening-up, which should keep up with the advanced level in the world with an improved space planning and intensive development, Li said during the visit to the new district of Shanghai pilot free trade zone.

He also approved Shanghai Electric, an equipment manufacturing enterprise with annual revenue over 100 billion yuan (14.54 billion U.S. dollars) as major equipment researched by the company are at the forefront worldwide, expecting an active engagement of the company in market competition with more contributions to the society and people's livelihood.

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Established in 2013, Shanghai pilot free trade zone is China's first pilot FTZ. (Photo via VCG)

When visiting the Zhangjiang Hi-Tech Park of the Pudong New Area, the premier emphasized the basic research in AI, calling for down to earth people in popular industries as well as collaboration, which can help the research outcome widely applied in manufacturing and service industry.

At Ruibo vocational skills training company, the first foreign-funded financial education training institution, Li expected to see more talents familiar with regulations at home and abroad and good at management.

He stressed the importance of international cooperation in education and training as well as enhanced financial supervision and prevention, noting that an opening finance sector should always stick to compliance management.

The Office of the Financial Committee of Chinese State Council announced 11 measures to promote the further opening of the financial industry last week, aiming to further open up the Chinese financial market to the world.

The protection of the data is essential when applying big data to promote governmental service, and to meet the public demands with Internet supports is important to reforms to delegate power, improve regulations and upgrade services of Shanghai, he added.

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