Suzhou seeks to follow in Shanghai's FTZ footsteps

Suzhou, the second-largest economy in the Yangtze River Delta region, hopes to become a regional financial hub like the newly launched China (Shanghai) Pilot Free Trade Zone, the city's mayor said.

Suzhou, the largest economy in east China's Jiangsu province, has submitted a plan to the State Council to apply for a similar zone.

It is "very likely" to get approved, Zhou Naixiang, Suzhou mayor and also a deputy of National People's Congress, said on the sidelines of China's ongoing annual parliamentary session in Beijing.