Xi Says Hainan FTZ Shows China Reform and Opening Up Commitment
The ruling Communist Party has given the go-ahead to a plan to turn the southern island province of Hainan into a free trade zone (FTZ) to facilitate further reform and opening up of the world’s second largest economy.
The decision was announced Friday by Chinese President Xi Jinping during a celebration in Haikou, the province’s capital, to mark the 30th anniversary of the launch of the island region as a special economic zone.
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