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

Photo taken on Nov. 7, 2014 shows the landscape of Yujiapu Finance District at Binhai New Area of the China (Tianjin) Pilot Free Trade Zone (FTZ) in north China's Tianjin Municipality. 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/Yue Yuewei)