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Beijing Should Liberalise FTZs- Yicai

CHINA PRESS

Authorities should relax operating rules for Free Trade Zones (FTZ) to leverage high-quality growth and further open the economy, according to a Yicai editorial. Local governments could attract and utilise more foreign investment if they make reforms and policymakers use FTZs to test new ideas, which can be implemented nationwide if proven successful. The news outlet highlighted Tesla’s energy storage factory in Lingang FTZ in Shanghai as an example of high-quality opening, as the firm will establish a strong industrial chain in and around the zone.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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