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Yang Xiong Hosts Welcoming Banquet for Delegation of African Diplomatic Envoys to China
12.18.2014

    On December 16, Yang Xiong, deputy secretary of the CPC Shanghai Municipal Committee and mayor of Shanghai, gave a banquet welcoming a delegation of African diplomatic envoys to China at Dongjiao State Guest Hotel. On behalf of the Shanghai Municipal People’s Government, he expressed warm welcome to the African ambassadors, who were in the city on a study tour.

    Yang Xiong said that Shanghai is vigorously promoting innovation-driven development and economic transformation and upgrading in an effort to blaze a new development path with Chinese and Shanghai characteristics and that of our times. Since its establishment, the China (Shanghai) Pilot Free Trade Zone, with institutional innovation as the core, has been building a basic institutional framework in line with the prevailing international investment and trade rules and has obtained important periodic results. In investment management, we have drawn up and improved a negative list, put into practice a filing system for both incoming foreign investment and outgoing investment, pushed forward the reform of the commercial system and consistently expanded the opening of the service industry, which have visibly facilitated investment. In trade supervision, we have adopted successively 60 new supervision measures including “entering the zone first, declaring at customs later” and introduced a system featuring “unitary window” management of international trade, which have enhanced trade facilitation. In financial reform, we have put out 51 new policy measures including free trade accounts and trans-border renminbi settlement, which have opened the financial sector wider and strengthened its service function. In in- and after-the-event supervision, we have put in place 6 basic systems covering social credibility, annual report disclosure and irregular operations list and others, in an effort to maintain market order in a more effective, transparent and standardized way and to ward off market risks.

    Yang Xiong went on to say that China-Africa friendly relations have a long history, and Shanghai and African countries see increasingly more exchange and cooperation and trade between them today. We would like to further promote with the African ambassadors Shanghai-Africa cooperation and together make due contributions to the advancement of friendship between China and Africa.

    Paul R. Lit Fong Chong Leung, acting head of African diplomatic corps and ambassador of Mauritius to China, said that Shanghai has achieved great development in recent years and is a leader in many areas. Africa, known as the “Land of Future”, welcomes Shanghai tourists to Africa to know more about the continent and to enhance friendship between the Shanghai people and the people of Africa through people-to-people exchange.