KATHMANDU: In an indication of further opening up of its economy even as the coronavirus pandemic ravages the world, China has established three new free-trade zones (FTZs).\u00a0 According to news reports, China has set up new free trade zones in Beijing, Hunan and Anhui.<\/p>\n
As part of efforts to build the city into a globally influential technology and innovation center, Beijing\u2019s FTZ will focus on next-generation information technology, biology and technology services, and in building a pilot zone for the digital economy and a global investment center for start-ups, according to state-affiliated English newspaper Global Times.<\/p>\n
Another FTZ in Hunan will focus on improving overseas investment and international cooperation, in particular with African countries and those along the Belt and Road Initiative.<\/p>\n
Anhui\u2019s FTZ is expected to boost the region\u2019s development and high-end manufacturing, integrated circuit, artificial intelligence and cross-border ecommerce industries.<\/p>\n
\u201cThe move demonstrates an effort to further open up as the coronavirus pandemic continues and unilateralism rises globally,\u201d the Global Times wrote.<\/p>\n","protected":false},"excerpt":{"rendered":"
KATHMANDU: In an indication of further opening up of its economy even as the coronavirus pandemic ravages the world, China has established three new free-trade zones (FTZs).\u00a0 According to news reports, China has set up new free trade zones in Beijing, Hunan and Anhui. As part of efforts to build the city into a globally […]<\/p>\n","protected":false},"author":2,"featured_media":77,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-2050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international"],"acf":[],"yoast_head":"\n