China releases plans for new pilot free trade zone in Inner Mongolia

The State Council released plans for a new pilot free trade zone in the Inner Mongolia autonomous region on Thursday, expanding the number of China's pilot free trade zones to 23, according to a report from Xinhua.

The overall plan grants the Inner Mongolia Pilot Free Trade Zone greater autonomy in reform and encourages pioneering, integrated, and differentiated exploration.

The plan has identified 19 reform and innovation measures, including developing cross-border trade, strengthening international logistics services, improving the efficiency of technology transfer and application, and expanding external exchanges in multiple fields.