Success of FTZs to be replicated

Advanced Search

The story appears on

Page A10

November 11, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Success of FTZs to be replicated

Source: Xinhua | November 11, 2016, Friday |

Print Edition

THE Chinese government is seeking to replicate its success in several free trade zones nationwide.

The State Council has published a circular mapping out the replication, which will see 19 new items applied across the country.

Some of the successes of the FTZs include the introduction of a negative list, which specifies investment sectors off limits to foreign investors and allows industries not on the list to follow the same new investment rules as domestic firms.

Other items include simplified trade procedures and customs regulations.

FTZs are a way of testing new policies, including interest rate liberalization and fewer investment curbs, to better integrate the economy with international practices.

The expansion comes more than three years after the launch of China’s first FTZ in Shanghai.

In late 2014, Tianjin, Fujian and Guangdong were allowed to set up the second group of FTZs. Another seven were added nationwide in August this year.

Finance

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Success of FTZs to be replicated

Email this to your friend