Business
16:56, 29-Sep-2018
Infographics: FTZs show China's opening up efforts
Updated
16:17, 02-Oct-2018
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The Shanghai Free Trade Zone (FTZ) is a good example of China's opening up efforts, and Saturday marks its 5th anniversary.
It was the first free trade zone in China, covering an area of some 120 square kilometers. It includes four initial bonded zones, as well as three expanded areas. The zone is being used as a testing ground for a number of economic and social reforms nationwide. It has been pivotal in a variety of financial opening up projects.
After the Shanghai FTZ, China then set up a series of other free trade areas. They are located in two municipalities, five coastal provinces and four inland provinces. As one of them, the Hainan Pilot Free Trade Zone was approved earlier this year. These free trade zones point to China's determination to open wider to the world.
China's reform and opening-up was also highlighted in Chinese Foreign Minister Wang Yi's recent speech at the UN General Assembly.
(CGTN's Jia Jieqiong and Zhang Xuecheng contributed to the infographics.)