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Benefits Brought to the Public from the FTZs
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  • http://english.dbw.cn   2015-03-27 10:18:21
     

      View of a signboard of the China (Fujian) Pilot Free Trade Zone in Fuzhou city, southeast China's Fujian province, 22 February 2015. [Photo: Imagine China]

      Chinese top authorities have approved another 3 experimental Free Trade Zones (FTZ) in Guangdong, Tianjin and Fujian. These will be launched on March 31.

      The new FTZs are part of government efforts to test reform policies, specifically in the service industry including interest rate liberalization and fewer investment restrictions, to better integrate the economy with international practices.

      Experts say that the setting up of the FTZs will benefit the economy and members of the public. Here are a few ways in which people will be able to see the benefits.

      Benefit NO.1: Overseas merchandises to be cheaper and more secure.

      Customers select imported products from a supermarket in Yichang, central China's Hubei province, March 8, 2015 [Photo: Imagine China]

      Instead of buying expensive and sometimes counterfeit overseas merchandise from common supermarkets or overseas purchasing agents, people now can shop at the direct-sale stores in the FTZs. Products there will be more verified, quality-secured and cheaper.

      

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    Author:    Source: CRI     Editor: Yang Fan

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