China new free trade zones attracting overseas investors

Editor: 管理员      Date:2015-07-08      Hit:3681
%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20newly-established%20free%20trade%20zones%20%28FTZs%29%20in%20Guangdong%2C%20Tianjin%20and%20Fujian%20have%20shown%20promise%20in%20attracting%20overseas%20investment%2C%20the%20commerce%20ministry%20said%20on%20Tuesday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EAt%20the%20end%20of%20May%2C%20over%20a%20month%20after%20their%20establishment%2C%20the%20three%20zones%20had%20received%20a%20combined%2022.6%20billion%20yuan%20%28%243.7%20billion%29%20in%20contracted%20overseas%20investment%2C%20Ministry%20of%20Commerce%20spokesman%20Shen%20Danyang%20told%20a%20press%20conference.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20Guangdong%2C%20Tianjin%20and%20Fujian%20FTZ%20attracted%207.8%20billion%20yuan%2C%2011.7%20billion%20yuan%20and%203.2%20billion%20yuan%2C%20accounting%20for%2045.3%20percent%2C%2069.4%20percent%20and%2053.6%20percent%20of%20the%20total%20in%20their%20respective%20regions%2C%20Shen%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20three%20FTZs%20were%20set%20up%20in%20April%2C%2018%20months%20after%20the%20first%20FTA%20was%20established%20in%20Shanghai%20as%20part%20of%20the%20government%27s%20efforts%20to%20test%20reform%20policies%20and%20better%20integrate%20the%20economy%20with%20international%20practices%20in%20a%20landscape%20where%20China%27s%20old%20export-reliant%20model%20is%20no%20longer%20sustainable.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ESome%20of%20the%20new%20rules%20and%20regulations%2C%20launched%20for%20trial%20in%20the%20FTZs%2C%20promised%20easier%20access%20to%20both%20foreign%20and%20domestic%20investment%2C%20further%20opening%20up%20of%20the%20service%20sector%20and%20liberalizing%20measures%20for%20the%20financial%20sector.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28China%20Daily%29%3C/FONT%3E%3C/P%3E