First negative list on cross-border trade for Hainan Free Trade Port
A vehicle enters the Hainan Free Trade Port's Lingshui Li'an International Education Innovation Pilot Zone in Lingshui, Hainan province, on April 5, 2021. （Photo/Xinhua）
China unveiled the first negative list on cross-border trade in services for Hainan Free Trade Port on July 26, a major measure in the country's administrative model for trade in services.
The new policy, called the Negative List of Hainan Cross-Border Trade in Services, took effect on Aug 26. It specified 70 special administrative measures in 11 sectors for overseas service providers.
Domestic and foreign service providers will enjoy equal access to sectors beyond the list in the Hainan Free Trade Port, with greater openness, transparency and predictability.
This new negative list widens market access in trade in services and makes higher-level opening-up arrangements in professional services, transport services and financial services, among others.
Green and low-carbon development policies
China's national carbon trading and first 30-60 international conference is held in Wuhan, Central China's Hubei province, on July 16, 2021. （Photo/Xinhua）
China took a series of measures to promote green growth to meet goals to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.
As one of the essential policy instruments to achieve these goals, China's national carbon market - the largest in the world - began trading simultaneously on July 16 this year in Beijing, Shanghai and Wuhan.
China also released a top-design working guideline to boost pricing reforms in electricity markets, raising the proportion of non-fossil energy in its energy consumption to about 25 percent by 2030 and more than 80 percent by 2060.
These policies, aiming to encourage enterprises to reduce carbon dioxide emission and adopt green development measures, demonstrate China's full commitment to participating in global climate governance.
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