Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Trade

China's pilot FTZs see robust investment, trade

September 02, 2020


Abstract : China's pilot free trade zones (FTZs) attracted robust foreign investment and trade in the first seven months of the year despite downcast sentiment in the global market, official data showed Wednesday.

BEIJING, Sept. 2 (Xinhua) -- China's pilot free trade zones (FTZs) attracted robust foreign investment and trade in the first seven months of the year despite downcast sentiment in the global market, official data showed Wednesday.

The six pilot FTZs in the regions of Shandong, Jiangsu, Guangxi, Hebei, Yunnan and Heilongjiang, as well as Shanghai's Lingang Area, a newly launched section of the Shanghai FTZ, attracted 13.11 billion yuan (about 1.9 billion U.S. dollars) of foreign investment during the January-July period, Tang Wenhong, an official from the Ministry of Commerce, said at a press conference.

Foreign trade in those FTZs came in at 660.76 billion yuan in the seven-month period, accounting for 10.8 percent of the total foreign trade in the regions.

The pilot FTZs have played a positive role in stabilizing foreign trade and investment amid the sluggish international market, Tang said.

As institutional reforms continue to deepen, the FTZs will make further contributions to the country's pursuit of higher-level opening-up, noted Tang. Enditem

Scan the QR code and push it to your mobile phone

Keyword: FTZs foreign investment and trade

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial