China: China introduces new free trade zones and improved practices
3 minutos Since 2013 China has established an increasing number of free trade zones (FTZs) around the country. These serve as ‘test beds’ for investment liberalisation and streamlined regulation (for example, faster business registration, accelerated customs procedures, and so on). Tax incentives are also offered to businesses in the FTZs. Successful experiments in the FTZs are then frequently rolled out nationwide. In the first half of this year, China’s 12 existing FTZs attracted foreign investment of nearly RMB 70 billion ($10 billion), that is, Continue lendo→