A springboard for growth

The establishment of the Shanghai FTZ was an important moment in China's trade liberalization journey. It became a real and important magnet for trade investment.

In 2022, China's 21 free trade zones attracted just under 19 percent of total foreign investment even though they made up less than 0.4 percent of China's land area.

China has made progress in liberalizing its services sector, ultimately encouraging more investment and innovation while boosting competition.

China's free trade zones can be effective catalysts for more vibrant global trade and ultimately for stronger development and growth in China and beyond.

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