The New FTZs and the Renewed Negative List in China

Abstract

Seven new free trade zones ("FTZs") were unveiled in China on April 1, 2017 by the State Council of China, bringing the total FTZs across the country to 11. These new zones are the third set of FTZs, locating in the provinces of Liaoning, Zhejiang, Henan, Hubei, Sichuan and Shaanxi together with Chongqing Municipality. It combines registration, administrative services and custom services in one place. The government hopes the new zones will play a pioneering role, replicating the success of previous trial. The FTZs zones should help promote the nation's key regional and inter-regional development strategies