Expanded FTZ to aid growth in Yangtze belt

Move to increase Shanghai free trade zone can help generate more business prospects in coastal region

The China (Shanghai) Pilot Free Trade Zone will become a major economic driving force in the new "Belt and Road Initiative" and the development of the Yangtze River economic zone.

On Monday, the expanded Shanghai FTZ was launched in the Pudong New Area. The central government gave the green light for the expansion plan back in December as part of the Silk Road Economic Belt and 21st Century Maritime Silk Road initiative.