Backgrounder: China's pilot FTZs see rapid development over past five years

Source: Xinhua| 2018-11-19 21:12:44|Editor: Liangyu
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CHINA-ECONOMY-FTZ-DEVELOPMENT(CN)

A cargo vessel is seen at Chuanshan port zone of Ningbo Zhoushan Port in east China's Zhejiang Province, June 13, 2018. Ningbo Economic and Technological Development Zone, Ningbo Free Trade Zone (FTZ), Ningbo Daxie Development Zone, Ningbo Export Processing Zone and Ningbo Meishan bonded area are located in Beilun. In the past five years, from tourism to agriculture, from technology to daily necessities and from costal cities to inland areas, China's FTZs have offered the nation copious advances in institutional explorations. On Sept. 29, 2013, China established its first pilot FTZ in Shanghai, the country's financial hub. And on Oct. 16, 2018, China rolled out a plan for establishing Hainan as a pilot FTZ, the 12th and largest among its peers. (Xinhua/Huang Zongzhi)

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