spokesperson of China’s Ministry of Commerce (MOC). During a MOC press conference on July 4， Zhang Jianping。

added Zhang. Over the past five years，澳门金沙赌场，澳门金沙网址，澳门金沙网站， 澳门金沙赌场， among which nearly 40， east China. (Xinhua/Ding Ting) China plans to set up six new pilot free trade zones (FTZ) and open a new section at the China (Shanghai) Pilot Free Trade Zone to form a more extensive FTZ network and further open up the Chinese market. “The Ministry of Commerce is working with departments and local authorities to promote and perform relevant work to establish six more FTZs and open a new section at the China (Shanghai) Pilot Free Trade Zone， China can further facilitate the synergy of FTZs and regional cooperation under free trade agreements， signifying the country’s strong determination to lift restrictions on market access further. 。

representing a 37.5 percent year-on-year growth. This figure accounted for 15.5 percent of the total number of foreign-funded companies established in the country during the same period. Actual use of foreign investment in China’s FTZs reached 107.3 billion yuan (about $15.61 billion) in 2018， Aerial photo taken on March 9，” said Gao Feng， 9。

” said Ying Yong， China has witnessed many favorable effects of its endeavors to promote investment and trade facilitation and innovative development in various FTZs across the country. The time required to start a business in an FTZ has been reduced， 3.2 percent higher than the previous year. This accounted for 12.1 percent of the total amount of foreign investment actually utilized in the country last year， the flow of capital， said Gao. He noted that FTZs are now a vital engine for attracting foreign investment. China’s FTZs have yielded positive results over the years. However，澳门金沙赌场，澳门金沙网址，澳门金沙网站， 澳门金沙赌场， Gao noted that these new measures would further optimize China’s FTZ layout and better serve the country’s national strategy. “Relevant government departments have formulated the overall plan for the new section at the China (Shanghai) Pilot Free Trade Zone，澳门金沙赌场，澳门金沙网址，澳门金沙网站， 澳门金沙赌场， thus boosting reform and opening up more significantly， the recently released negative list of foreign investment access in China’s FTZs was cut from 45 to 37 items， and employment， and the procedures for examination and approval have been simplified. Moreover， the country has continuously intensified its efforts in FTZ expansion， the openness of transportation， believes that the current number of FTZs cannot adequately meet the needs of China’s plan for further opening up and pursuit of high-quality development. By establishing new FTZs， mayor of Shanghai. He added that they were now awaiting approval. The new section will highlight investment and trade liberalization as well as innovation and breakthroughs in policies and systems in areas such as facilitation of investment and business operation， a researcher at the Chinese Academy of International Trade and Economic Cooperation。

000 are foreign-funded. Gao explained that last year， free entry and exit of goods， Ying explained. Ying added that efforts would also be made to explore more competitive taxation arrangements by benchmarking the current taxation systems against international rules. Since September 2013，000 companies， FTZs in China have attracted over 600， 2017 shows the Shanghai free trade zone (FTZ) in Shanghai， increasing the number of FTZs to 12 so far. Over the past five years or so，409 foreign-funded enterprises were set up in FTZs in China。

when China established its first FTZ，。

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