FTZs to play key role in boosting economy

China has unveiled plans to further deepen reform and boost innovation in three coastal pilot free-trade zones to improve the business environment and enhance the country's opening-up, a senior commerce official said on Thursday.

The new drive for reform and opening-up in free-trade zones in Guangdong and Fujian provinces and in Tianjin will focus on high quality development, supply-side structural reform, institutional innovation and risk prevention, according to a document released recently by the State Council.