New platforms to help power trade prospects

FTZs to aid nation in efforts to compete with established rivals

China's new pilot free trade zones are expected to increase the nation's flexibility to compete with more established rivals in the Asia-Pacific region, experts said on Tuesday.

A FTZ refers to an area within which goods can be imported, processed and re-exported without the intervention of customs authorities. Foreign investment also has the chance to enter the fields which are still restricted outside the zone.