China's New Guangxi FTZ Recalibrates Policies to Boost Imports
Liao Shumin
/SOURCE : yicai
China's New Guangxi FTZ Recalibrates Policies to Boost Imports

(Yicai Global) Nov. 8 -- The China Guangxi Pilot Free Trade Zone, a recent southwestern addition to the nation's FTZs, has used the opportunity of the second China International Import Expo to introduce new policies to expand imports.

The Guangxi FTZ will seek to support the development of emerging industries, reduce costs, and bring in domestic and overseas talent, the FTZ's management said in a briefing at the CIIE. Over 200 people from French, Italian, Russian, and Malaysian firms attended the briefing.

Last August, China added areas totalling about 112 square kilometers in Nanning, Qinzhou, and Chongzuo to its FTZ arsenal to enhance trade, particularly with the adjacent Association of Southeast Asian Nations.

The Chinese special economic zone sent over 1,300 companies involved in the fields of manufacturing, agriculture, information technology, and healthcare to participate in the expo held in Shanghai. It also had more than 1,800 local buyers join. 

Nanning-based Guangxi Beibu Gulf International Port Group and Poland's Port of Gdansk Authority penned a sister port agreement at the event. Moreover, eight Guangxi FTZ-based firms inked deals related to e-commerce, chip software and propane dehydrogenation with foreign counterparts.

Editor: Emmi Laine

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Keywords: China (Guangxi) Pilot Free Trade Zone , Trade , Imports