3 new FTZs attract US$3.6b in overseas investments
Print Edition
CHINA’S newly established free trade zones in Guangdong, Tianjin and Fujian have shown promise in attracting overseas investment, the Ministry of Commerce said yesterday.
At the end of May, over a month after their setup, the three zones had received 22.6 billion yuan (US$3.6 billion) in contracted overseas investment, spokesman Shen Danyang said.
The Guangdong FTZ drew 7.8 billion yuan, Tianjin 11.7 billion yuan, and Fujian 3.2 billion yuan, accounting for 45.3 percent, 69.4 percent and 53.6 percent of the total in their respective regions, Shen said.
They were set up in April, 18 months after the first FTZ began in Shanghai to test reform policies and integrate the economy with global practices.
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