New FTZs good for competitiveness and national economic development

THREE NEW FREE TRADE ZONES in Guangdong and Fujian provinces, and Tianjin municipality - on the lines of the one in Shanghai - began official operations on Tuesday as China seeks to draw more international commerce. Comments:

The China (Shanghai) Pilot Free Trade Zone is the result of further reform and opening-up. With international investment conditions changing, the need for pilot FTZs has increased. The new FTZs will compare with the Shanghai one and provide more experience for further reform.

Xiao Lin, director of the Development Research Center of Shanghai Municipal People's Government, April 21