Building of FTZS Accelerated to Strengthen Investors’ Confidence

In the past three years since the opening of the seven pilot free trade zones (FTZS) in Liaoning, Zhejiang, Henan, and some other areas, an overall of 1,055 pilot tasks have been implemented, which have resulted in 137 systematic innovations across China.

The seven pilot FTZS, each with their own complimentary merits, have been integrated into and served China’s major developmental strategies. To be specific, based on their own geographical and cultural characteristics, the seven FTZS have promoted inter-connectivity, made efforts to open gateway cities in China’s west, and cooperated with other countries in northeast Asia. All this is a strong promoter of China’s developmental plans such as the Belt and Road Initiative, and the western development strategy, among others.

At present, China is trying its best to resume work and production, redoubling its efforts to help with the operation of the global supply chain, and helping maintain the stability of the global economy. Besides this, it will do more to improve the business environment and implement policies to stabilize foreign trade and investment, thus enhancing the confidence of global investors.