The State Council has approved establishing an Open Economy Pilot Zone in East China’s Jiangxi Province, according to a circular released on Monday. The General Construction Plan will be issued by the National Development & Reform Commission (NDRC).
According to the Circular, the construction of the Pilot Zone should adhere to new development concepts, persist in promoting high-quality development and focus on supply side structural reform.
It should also actively integrate into the joint construction of the Belt & Road Initiative, participate in the development of the Yangtze River Economic Belt, and coordinate with the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the integrated development of the Yangtze River Delta.
The Pilot zone should tap into regional cooperation potential, promote the free and efficient flow of resources, accelerate the construction of an open market layout, and explore a new development path that advances reform, development and innovation through opening up, it said.
It urged the Jiangxi provincial government to reinforce the leadership during the construction of the Pilot Zone, improving work mechanisms and working out and implementing detailed plans.
Related departments under the State Council will strengthen the guidance and support for the construction and development of the Pilot Zone. The NDRC should enhance coordination and supervision, and present timely reports on major issues to the State Council.