BUSINESS More reforms from China's pilot FTZs to be adopted nationwide


More reforms from China's pilot FTZs to be adopted nationwide


20:36, July 08, 2020


Aerial photo taken on April 4, 2020 shows the Atlantis resort in Sanya, south China's Hainan Province. (Photo: Xinhua)

BEIJING, July 8 (Xinhua) -- The State Council, China's cabinet, has decided to implement more reform measures experimented with at the pilot free trade zones (FTZs) across the nation.

It is the sixth batch of measures tested by the pilot FTZs before being implemented in other areas, the State Council said in a new circular.

To be replicated nationwide are measures covering five areas: investment management, trade facilitation, financial openness and innovation, operational and post-operational oversight, and human resources, the circular said.

To reform investment management, green channels will be set up for approval procedures of electricity projects, registration of real estate will be made more convenient, and small-scale value-added tax declaration will be assisted by smart technologies. 

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue