Date
21 August 2017
Shanghai's free trade zone can serve as a template for similar projects to be launched in other parts of the country. Photo: Bloomberg
Shanghai's free trade zone can serve as a template for similar projects to be launched in other parts of the country. Photo: Bloomberg

Tianjin, Fujian, Guangdong eyed in second batch of FTZs

Tianjin, Fujian and Guangdong are likely to secure approval to establish their own free trade zones soon, Beijing News reported.

Many local governments want to follow Shanghai’s FTZ example as a means to bolster economic growth, but central authorities have been largely noncommital to such proposals.

But things are likely to change after President Xi Jinping, in a meeting of the leading group for deepening reforms on Monday, said the Shanghai FTZ experience should be promoted and expanded to other parts of the country as soon as possible, the report said, citing sources with knowledge of the matter.

Zhang Jianping, a senior researcher at an international economic research institute under the National Development and Reform Commission, said Tianjin is expected to establish the first FTZ in northern China and promote the development of private sectors in the area, especially in the logistics business.

Shanghai has launched 21 measures in the FTZ that can be replicated nationwide or at least in certain areas, and 33 other measures are awaiting approval and may also serve as templates for the regions in the country, China Times reported on Thursday.

FTZ-themed A shares saw big increases on Wednesday.

– Contact us at [email protected]

MY/JP/CG

EJ Insight reporter

EJI Weekly Newsletter

Please click here to unsubscribe