China takes free trade zones up to 11

Updated 2017-04-01 17:30:27 Xinhua

China takes free trade zones (FTZ) up to 11, with seven new FTZs starting operation on Saturday.

After an unveiling ceremony Saturday morning, contracts for 60 major projects totaling 80.2 billion yuan (11.7 billion U.S. dollars) were signed in southwest China's Chongqing FTZ, according to sources with the Chongqing Commerce Commission.

The signed projects cover various fields such as high-end manufacturing, finance, and international logistics services.

The unveiling ceremony of China Shaanxi FTZ was held Saturday morning in Xi'an Hi-tech Industries Development Zone. The newly established Shaanxi FTZ will consist of three areas, including the core area, the Xi'an International Trade and Logistics Park and the Yangling Demonstration Zone, covering a total of 119.95 square km.

“As the first FTZ in northwest China, Shaanxi will seek to develop cultural and economic relations with countries along the Silk Road while becoming a model for other inland regions,” said Lu Shanbing, deputy director of the Silk Road Research Institute of Northwest University.

The State Council has approved the seven new zones in the provinces of Liaoning, Zhejiang, Henan, Hubei, Sichuan and Shaanxi as well as Chongqing Municipality, according to an official statement Friday.

China established its first FTZ in Shanghai in 2013, and expanded to three more provincial-level areas of Tianjin, Fujian and Guangdong. The new FTZs will bring the total number of zones to 11.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58January 23 2018 01:59:08

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16January 23 2018 01:59:08

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18January 23 2018 01:59:08

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords