On November 12, the Inner Mongolia Autonomous Region held a press conference to introduce construction progress in the seven months since the China Pilot Free Trade Zone was approved. The reporter learned from the press conference that the implementation rate of 81 pilot reform tasks in the pilot zone is expected to reach more than 62% this year. As an important bridgehead for China's opening up to the north, the Pilot Free Trade Zone continues to consolidate and enhance its strategic functions. A number of institutional innovations with local characteristics have been implemented at an accelerated pace, and liberalization dividends have been continuously released. Driven by the opening up of the Pilot Free Trade Zone, Inner Mongolia's foreign trade has achieved relatively rapid growth. In the first 10 months of this year, the region's total foreign trade import and export value increased 29.5% year on year, 9.5 percentage points higher than the national average, ranking 5th in the country; land port import and export cargo volume reached 133 million tons, an increase of 26.1% year on year, ranking first in the country; the total number of trains operating between China and Europe ranked first in the country, accounting for 49.6% of the country. The import and export volume to Russia and Mongolia increased by 72.2% and 44.9% respectively; imports and exports to the “Belt and Road” countries increased by 39.9% year-on-year, showing impressive trade performance with Russia and Mongolia and the “Belt and Road” countries.

On November 12, the Inner Mongolia Autonomous Region held a press conference to introduce construction progress in the seven months since the China Pilot Free Trade Zone was approved. The reporter learned from the press conference that the implementation rate of 81 pilot reform tasks in the pilot zone is expected to reach more than 62% this year. As an important bridgehead for China's opening up to the north, the Pilot Free Trade Zone continues to consolidate and enhance its strategic functions. A number of institutional innovations with local characteristics have been implemented at an accelerated pace, and liberalization dividends have been continuously released. Driven by the opening up of the Pilot Free Trade Zone, Inner Mongolia's foreign trade has achieved relatively rapid growth. In the first 10 months of this year, the region's total foreign trade import and export value increased 29.5% year on year, 9.5 percentage points higher than the national average, ranking 5th in the country; land port import and export cargo volume reached 133 million tons, an increase of 26.1% year on year, ranking first in the country; the total number of trains operating between China and Europe ranked first in the country, accounting for 49.6% of the country. Import and export volumes to Russia and Mongolia increased by 72.2% and 44.9% respectively; imports and exports to the “Belt and Road” countries increased by 39.9% year-on-year, showing impressive trade performance with Russia and Mongolia and the “Belt and Road” countries.