Want China Times
By: Staff Reporter
China has so far approved the establishment of four free trade zones (FTZs), which will further
expand into eight FTZs, bringing new rounds of both competition and cooperation between cities and regions, reports the Guangzhou-based 21st Century Business Herald, citing an unnamed insider at one research institution.
The four approved FTAs are Shanghai, Tianjin, Guangdong and Fujian, but each of the latter two has three subzones.
Although the provincial governments of Guangdong and Fujian have tried to coordinate their subzones, they tend to operate independently as each has its own characteristics. [FULL STORY]