A total of 7,608 companies have registered for Chengdu's pilot free trade zone (FTZ) in Southwest China's Sichuan Province during the first 100 days after its launch, with capital valued at 103 billion yuan (15.2 billion U.S. dollars), the Xinhua News Agency reported Monday.
The region has issued a series of measures to encourage the development of the zone, including convenient customs clearance, international multimodal container transport facilities, and innovative financial support, said the report. Driven by the FTZ, imports and exports in Chengdu soared 67 percent year-on-year to nearly 181 billion yuan in the first half of the year.
(Source: Global Times)
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