Shenyang FTZ becoming new highland for region's vitalization

The Shenyang Area of China (Liaoning) Pilot Free Trade Zone, or the Shenyang FTZ, is continuing its efforts to improve its business environment and become a new highland for the vitalization of Northeast China.

Since its inauguration in 2018, the Shenyang FTZ has given full play to the role of the "experimental field" of reform and opening-up by implementing a total of 123 pilot tasks as part of the overall plan to continue improving Liaoning province. It has also replicated and promoted 13 innovative experiences across the country and 148 reforms across the province.

The Shenyang FTZ has laid fertile soil for industrial development, making every effort to build an international business environment with convenient handling, sound rule of law, strong cost competitiveness, and solid ecological livability. It is a comprehensive service platform for market demand analysis and target customer matching services in the countries of the Regional Comprehensive Economic Partnership. The degree of trade facilitation has been significantly improved.

The development dividend of the Shenyang FTZ has attracted many people from Northeast Asia to stay in Liaoning.

Barbara, a fashion designer from Germany, has enjoyed a series of robust preferential policies in the Shenyang FTZ, from fast registration to taxation services.

Dawei, a Russian, has also achieved career advancement in the Shenyang FTZ. "I have been in Shenyang for seven years. The area is particularly friendly to us."

Shenyang's geographical location has unique advantages and is in the center of Northeast China's great land-sea corridor.

The opening-up of Shenyang and Liaoning will be an important node in promoting the implementation of the new construction and plan of the Silk Road. The Shenyang FTZ is aiming to boost the core links of the industrial chain, lead Shenyang's high-quality development and form an export-oriented economy.

The Shenyang FTZ thoroughly implements the spirit of the 20th National Congress of the Communist Party of China, focuses on "stable expansion of rules, regulations, management, standards and other institutional openings", fully expands the function of the airport hub adjacent to the Shenyang Taoxian International Airport, and centers on the development of key industrial nodes to form a series of breakthroughs aimed at providing more experiences for the vitalization of Northeast China in the new era.

It tries out technology policies to realize "zero declaration" and deepen the pilot program of Qualified Foreign Limited Partners.

The area carries out the action plan for institutional innovation and forms a list of institutional innovations around key areas such as customs supervision, government services, legal services, financial services and multimodal transportation.

It also established an expert advisory committee, leverages outside think tanks, strengthens cooperation with well-known domestic think tanks, and determines more pioneering and forward-looking institutional innovation directions.

This year, more than 30 reproducible promotion experiences have been formed in investment and trade facilitation as more "Shenyang samples" have been launched.

To accelerate the functions of the open platform of the comprehensive bonded area, the Shenyang FTZ will promote the adjustment and expansion of the Taoxian Park to speed up the construction of the road between the comprehensive bonded area and the airport.

The functional operation area strives to begin construction within the year, improve the freight transfer and collection capacity, and build a modern comprehensive logistics system connecting land and air.

The Shenyang FTZ also promotes the resumption and expansion of international cargo charter flights. The area is planning an airport economic zone.