FTZs set pace for China’s high-quality reform, opening up

BEIJING: China has established 22 free-trade zones (FTZs) since 2013, when the first one was set up in east China's Shanghai. From coastal areas to central inland regions and border provinces, these FTZs have been setting the pace for China's high-quality reform and opening up. According to China Global Television Network (CGTN), the aggregate foreign trade volume across the 22 Free Trade Zones (FTZs) increased by 11.7 percent year-on-year during the first two months of this year. Notably, FTZs located in Guangdong, Jiangsu, Sichuan, and Hebei provinces exhibited growth rates exceeding 30 percent. Concurrently, Hainan Province observed a rise in excess of 20 percent in foreign trade, as indicated by data from the General Administration of Customs. Source: Emirates News Agency