Caofeidian zone faces competition

If size matters, Hebei district will win, but minuses loom very large

The Caofeidian industrial park of Tangshan city in Hebei province applied to the State Council in late February to set up a free trade zone, the local administration confirmed to the Information Daily newspaper on Tuesday.

If the plan is approved, the Caofeidian FTZ will become a new platform for the coastal province of Hebei to further open up to the world, local officials said.