Year after Launch of Shanghai FTZ, Three New Zones Set to Open

(Beijing) – More than one year after the launch of the Shanghai Free-Trade Zone, China has decided to expand the experiment by enlarging its area and setting up new versions in Guangdong, Fujian and Tianjin.

The 29 square kilometer zone in Shanghai was the country's first attempt at setting up an FTZ open to the entire outside world. Previously, the country mainly relied on free-trade agreements under a World Trade Organization framework to cooperate with certain countries and regions.