China approves 3 new free-trade zones


(MENAFN) China has given the go-ahead for three more free-trade zones, despite the country's first project in Shanghai proving disappointing 18 months after its establishment, Oman Observer reported.

A meeting of the Communist Party's politburo hosted by President approved zones in the southern province of Guangdong, eastern province of Fujian and northern city of Tianjin, state media reported.

State media have said the Guangdong FTZ aims to speed economic integration with neighboring Hong Kong, a special administrative region of China. The Fujian zone is focused on Taiwan, which China considers part of its territory.


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