China’s third batch of free trade zones (FTZs) in Henan, Liaoning, Zhejiang, Hubei, Sichuan, Shaanxi and Chongqing have achieved a lot of positive results since they were all officially launched on April 1 this year. For example, the pilot FTZ in Henan has attracted 9,736 enterprises, with a total registered capital of 137.6 billion yuan. In Liaoning FTZ, the number of newly registered enterprises has exceeded 10,000 and that in Sichuan FTZ has also exceeded 8,000. Replication and innovation are now the key words for the third batch of FTZs. The government will make explorations in foreign investment access in the FTZs for the next step.
JUMORE Reviews
The third batch of FTZs are mainly from the central and western regions of China, and will play a demonstrative role in promoting the development of the central and western regions. The achievements that have been reached in these FTZs indicate that system innovation in the FTZs can be replicable and promoted. Thus, China may probably try to free foreign investment restriction on more fields including new-energy cars in the FTZs.
Comments
Post a Comment