China Unveils 21 Financial Measures to Boost High-Quality Development of New Land-Sea Trade Corridor

China has introduced a comprehensive policy framework featuring 21 specific measures to provide financial backing for the New International Land-Sea Trade Corridor. The joint document, issued by the People's Bank of China and the National Development and Reform Commission (NDRC), aims to optimize financial functions and settlements while establishing a cutting-edge digital financial services platform to facilitate trade with ASEAN markets.

Since its inception in 2017, the corridor has become a vital artery linking the Silk Road Economic Belt in the north with the 21st Century Maritime Silk Road in the south. These new measures are designed to enhance regional coordination and foster a new pattern of "all-around opening up," integrating land and sea routes to connect China’s inland provinces more effectively with global trade networks.