Year-ender: 10 major BRI events in 2019

    chinadaily.com.cn | Updated: 2019-12-23 06:40
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    Number of pilot FTZs reaches 18

    An aerial view of factory buildings in the Lingang area is seen in Shanghai on June 8, 2019. [Photo/IC]

    On Aug 30, six new pilot free trade zones (FTZs) of China were inaugurated, in a bid to press ahead with reform and opening-up.

    The six new pilot FTZs are located in Shandong, Jiangsu, Guangxi, Hebei, Yunnan and Heilongjiang, bringing the total number of the country's pilot FTZs to 18.

    FTZs serve as pioneers of the country's reform and opening-up as they test new styles of foreign investment management, trade facilitation and transformation of government functions to better integrate the economy with international practices.

    China started piloting FTZs in Shanghai in 2013.

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