Vitalize development through reform and opening-up

The Central Economic Work Conference highlighted need to vitalize development through reform and opening-up in 2022, with pilot reforms of the market-based allocation of production factors and comprehensively implement registration-based initial public offering mechanism.

The country will expand high-quality and institutional opening-up, grant foreign-funded enterprises national treatment, attract more investment from multinational companies, and facilitate the early implementation of major foreign-invested projects.

Mettler Toledo, a leading global manufacturer of precision instruments and services in Switzerland, established its Chinese headquarters in Yangshan Special Comprehensive Bonded Area at Lingang Special Area in Shanghai.

Zhu Zhisong, executive deputy director of the Lingang Special Area Administration, said the Lingang Special Area will vigorously devote itself to the new round of all-round high-quality opening-up and reform, exploring new opportunities in investment access, new mode of international trade and offshore business.