China's free trade zones open doors wider to foreign investors

NANJING - When Stephen Toope, the vice-chancellor of the University of Cambridge, toured the Jiangbei New Area in Nanjing, in East China's Jiangsu province, "great" was his most frequently used word.

In September, Toope led his team to attend a groundbreaking ceremony for the Cambridge University-Nanjing Center of Technology and Innovation in the new area, which belongs to the Nanjing section of the newly inaugurated Jiangsu pilot free trade zone (FTZ).

He was among the first batch of foreign guests in the zone after the State Council announced six new pilot FTZs in August, a move to further promote liberalization and facilitation of foreign trade.