Free trade zones rise to 21
China's three newly established pilot free trade zones will further facilitate its high-level opening-up and boost high-quality growth through deeper reforms, especially in the areas of digital economy, high-end manufacturing and regional integration, experts said.
The State Council, the nation's Cabinet, released plans for the new pilot zones in Beijing and in Hunan and Anhui provinces on Monday, boosting the number of the country's FTZs to 21.
Wang Shouwen, vice-minister of commerce, said the move shows the country's resolve to pursue high-level opening-up and ensure the safety and stability of industrial and supply chains.
China set up its first FTZ in Shanghai in 2013 to attract more foreign investment and promote trade and regional integration.
Since then, the country has added 20 zones, including those in such diverse areas as the coastal provinces of Fujian and Guangdong and the inland provinces of Shaanxi and Sichuan.