Experts on new FTZs

Added On April 26, 2015

Chinese government has urged pilot free trade zones (FTZs) to transform government functions and make systematic innovation their touchstone.
Experts say the new FTZs in the southern province of Guangdong, the northern port city of Tianjin and the southeastern province of Fujian will promote trade and facilitate investment in new areas as the world's second largest economy moves away from an unsustainable export-dependent model.
All zones must adhere to one negative list, which details 122 prohibited or restricted areas for foreign investment.
This number has been reduced from 139.

Zhang Guangnan, an expert with the Center For Studies of Hong Kong, Macao and Pearl River Delta at Sun Yat-Sen University, says the significance of this version of negative list is more replicable.