The Tianjin Lingang Comprehensive Bonded Zone, the fifth of its kind in north China's Tianjin Municipality, officially launched closed customs operations on Friday.
Under the supervision of the Tianjin Lingang Customs, two transport vehicles carrying vibrating screens passed through the checkpoint and entered the bonded zone, marking the first bonded transaction completed there.
Approved by the State Council in June 2023, the Lingang Comprehensive Bonded Zone covers a planned area of 5.56 square kilometers. It is Tianjin's first customs special supervision area designed with a focus on marine economy.
With the start of closed customs operations, enterprises inside the bonded zone are eligible for a range of preferential tax policies.
Tianjin Customs has also introduced measures to facilitate customs clearance, further smoothing foreign trade logistics channels and supporting Tianjin's higher-level opening-up to the outside world.
North China's Tianjin puts its fifth bonded zone into closed customs operation
As the United States adopts more conservative immigration and talent policies, Nobel laureate Thomas J. Sargent has warned that the country is undermining its scientific edge, which was built by welcoming scientists from Europe during the World War II.
Speaking in an interview with China Media Group in Shanghai, Sargent, who won the 2011 Nobel Prize in Economic Sciences, recalled the important lesson from history.
"History teaches a lot of lessons about good things and bad things that happened in history. Things you've got to remember. So one lesson my country should learn is, if you ask why American science in the last 70 or 80 years has been leading in the world, it's because we imported scientists from Europe during World War II when the Europeans, that the Nazis, and they drove them out. And if you look in one field after another, including economics, it came from Austria, Germany. They were driven out. And [for] the United States, they have in physics, chemistry. The United States has jumped up. We built up universities," he said in the interview aired on Friday.
With tighter immigration policies and increased scrutiny of foreign talents, he said many scientists who were not born in the U.S. are now considering leaving.
"Right now, the United States is not, because of what happened last year in terms of universities. You see, all sorts of scientists who maybe weren't born in the U.S. want to leave the United States. That's ignoring a huge lesson in history," he said.
Nobel laureate warns U.S. risks losing scientific edge amid tighter immigration policies
