Full text: Report on China's economic, social development plan (14)

4) We will promote low-carbon development. We will continue to push forward pilot and demonstration programs for low-carbon development, move faster to create a national market for carbon emission rights trading, and formulate a complete set of rules and regulations concerning such trading and its oversight. We will constructively participate in international negotiations, work to ensure the proper design and implementation of follow-up mechanisms for the agreement reached at the 2015 United Nations Climate Change Conference in Paris, play an active role in guiding the rule-making process for global climate governance, and continue to strengthen South-South cooperation on climate change.

Box 17: Green and Low-Carbon Development

8. Improving the performance of the open economy

In pursuing open development, we will improve the plan for regional opening up, increase outbound investment and international cooperation, work to optimize imports and exports, actively utilize foreign capital, cultivate new strengths to give us a competitive edge internationally, and play an effective role in global economic governance.

1) We will ensure the successful implementation of the Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative. We will increase the cohesion between the development strategy of China and those of other countries along the routes, steadily carry out signature projects aimed at strengthening connectivity and increasing energy and resource cooperation, build up a reserve of major projects for the Belt and Road Initiative, and set up a number of patterns for bilateral and multilateral cooperation. We will actively advance the development of international economic cooperation corridors, such as the China-Mongolia-Russia corridor and the China-Indochina Peninsula corridor. We will coordinate the development of China-Europe freight train routes, simplify customs clearance procedures along the lines, and expedite the building of international logistics gateways. We will steadily construct strategic maritime hubs and ensure that maritime trade routes are unobstructed. Information platforms will be developed, such as the official website of the Belt and Road Initiative. We will actively encourage Chinese culture and traditional Chinese medicine to extend their reach overseas, further develop and open up border areas, upgrade both border and cross-border economic cooperation zones, and enhance international and regional cooperation with neighboring countries.

2) We will expand international cooperation on industrial capacity and equipment manufacturing. We will create a project reserve for industrial-capacity cooperation based on key industries and countries. We will set up a sound mechanism for connecting our provinces, regions and leading enterprises with key countries, and improve the system for managing major risks. We will move faster to make arrangements for bilateral industrial-capacity cooperation and make full use of multilateral platforms to promote effective cooperation; we will actively engage in cooperation with developed countries on the third market, so as to support Chinese technologies, equipment, standards, and services in "going global" . We will improve related fiscal and financial policies, set up outbound RMB cooperative funds and bilateral and multilateral industrial-capacity cooperation funds, and encourage cooperation between financial institutions and enterprises in this area. In 2016, China' s non-financial outward direct investment is projected to be approximately US$130 billion, an increase of around 10%.

3) We will promote the steady growth and structural adjustment of foreign trade. We will effectively apply the policy of export tax rebates. We will put into action the policies and measures for reviewing and regulating fees related to imports and exports, strictly enforce the system of lists and catalogs of fees related to foreign trade, and accelerate the building of the Single Window System and the integration of customs clearance procedures to enhance trade facilitation. We will encourage processing trade to move to the central and western regions and to extend toward the medium-high end of the industry chain. We will encourage the development of new business models for foreign trade, push forward the development of integrated pilot zones for cross-border E-commerce while also expanding the scope of the pilot scheme, and support the building of overseas storehouses and exhibition centers. We will promote the integrated development of trade in goods and in services and vigorously support the export of services in finance, insurance, logistics, and maintenance. We will adopt a more active import policy to support the import of advanced technology and equipment and important parts and components; increase the reserve of important energy and resources; and appropriately increase the import of consumer goods. We will deepen bilateral and multilateral economic and trade cooperation, build an international network of high-standard free trade areas, step up negotiations on the Regional Comprehensive Economic Partnership Agreement, accelerate negotiations on free trade such as those on the China-Japan-RoK Free Trade Area, and facilitate negotiations on investment agreements with the United States and the European Union.

4) We will use foreign capital more effectively. We will continue to improve the business environment. We will advance reform to introduce a negative list in managing foreign investment. The service sector will be further opened up in areas such as finance, education, elderly care, culture, telecommunications, the Internet, trade, and logistics; the manufacturing sector will also be opened wider and direct foreign investments will be encouraged toward the high end of traditional industries, strategic emerging industries, and modern services. The catalog of industries with local strengths in central and western regions for foreign investment will be updated to support the relocation of foreign-invested industries to these regions. We will complete a timely review of and promote the experiences from pilot free trade zones and continue to expand the pilot scheme to other regions. We will promote the innovation-driven growth of development zones and update the catalog of development zones that have been approved and published by the state. Reforms of the foreign investment management system and foreign debt management will be deepened, and the system for carrying out security reviews of foreign investments will be improved. Non-financial foreign direct investment is expected to be approximately US$128 billion in 2016.

9. Working to safeguard and improve living standards

In pursuing shared development, we will give greater prominence to improving people' s standard of living, take strong and targeted measures to reduce poverty, deepen reform and innovation in key areas concerning public services, and make every effort to ensure the supply of basic public services.

1) We will move forward with targeted measures to fight poverty across the board. We will support development and poverty reduction in contiguous poor areas, launch the action plan for revitalizing the key old revolutionary base areas where poverty is an issue, and speed up the development of all old revolutionary base areas. We will also boost support for alleviating poverty in border areas and areas with concentrations of ethnic minorities. We will work hard to improve infrastructure and basic public services in poor areas, with a priority on roads, water supply, power, and Internet access. A great deal of effort will be devoted to ensuring key poverty alleviation programs are implemented. We will continue to support the development of Xinjiang, Tibet, and the Tibetan ethnic areas in Sichuan, Yunnan, Gansu, and Qinghai provinces, increasing central government support for these areas, and scaling up one-to-one assistance programs.

Box 18: Key Poverty Alleviation Programs

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