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April 12, 2019

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Successful practices to be replicated

CHINA’S Ministry of Commerce will push forward the formation of more replicable practices in the country’s free trade zones, a ministry spokesman said yesterday.

“Currently, the ministry has sorted out a new batch of experiences from pilot FTZs, which will be released to the public at a proper time,” spokesman Gao Feng said at a press conference.

Since the first pilot FTZ was established in Shanghai in 2013, China has set up 12 pilot FTZs nationwide, resulting in a total of 153 successful practices that have been replicated in other parts of the country.

Such practices have played a positive role in lightening the corporate burden, stimulating the vitality of market entities, optimizing the business environment and sharing the benefits from reform and opening-up, Gao said.

The ministry is also working with Shanghai on the planning for a new area of the Shanghai FTZ, he added.


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