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China 6 new FTZs

On the 26th of August China announced an expansion of the existing Free Trade Zones pilot project to include 6 new zones. These 6 FTZs are to be established in the provinces of Jiangsu, Guangxi, Yunnan, Shandong, Hebei and Heilongjiang.

This expansion of the project will bring the total number of FTZs in China to 18; these FTZs are important pilot projects which assist the development of market reformation in the rest of China. Each of the pilot zones have been attributed specific tasks and have received special market considerations to reflect so; for example, the FTZ in Shandong is focused on the marin