More firms established in Chongqing FTZ

A total of 12,768 enterprises were set up in the pilot free trade zone (FTZ) of Southwest China’s Chongqing municipality in 2018, according to the municipal commission of commerce. The total registered capital of the newly established enterprises surpassed 128 billion yuan ($18.89 billion). Chongqing’s pilot FTZ has improved its business environment by cutting the approval time for starting a business and projects. Last year, a special court handling cases related to investment, trade, finance, and intellectual property right issues, opened in the FTZ.