September 24 2020

State Council Unveils Free Trade Zone Plans in Four Regions

Announcement by State Council

The State Council released on September 21, 2020 the Circular about Overall Plan for New Pilot Free Trade Zones in Beijing, Hunan and Anhui and Expanding the China (Zhejiang) Pilot Free Trade Zone.

The China (Beijing) Pilot Free Trade Zone covers three areas of science-tech innovation, international commerce services and high-end industries. The zone will promote the coordinated development strategy of the Beijing-Tianjin-Hebei region, build itself into a science-tech innovation center with global influence, and accelerate the construction of demonstration zones to open up more services and pilot areas to develop digital economy. China (Zhejiang) Pilot Free Trade Zone will be expanded to cover three parts in Ningbo, Hangzhou and Jinyi.