China is planning to build a new Free Trade Zone in the Yangtze River Delta region, China Business Network reported on Wednesday.
Deputy Director of the Shanghai Development and Reform Commission Zhu Min made t
he announcement at a press conference on promoting high-quality development on Wednesday in Shanghai.
Although Zhu didn’t reveal the exact location of the new FTZ, S
uzhou Industrial Park in East China’s Jiangsu province is expected to be the spot.
Suzhou Industrial Park said to a CBN reporter the FTZ is a national-level plan and the park hasn’t got any news yet.
Zhu emphasized the Shanghai Pilot Free Trade Zone should cooperate with other FTZs in th
e Yangtze River Delta to play a greater role in leading high-quality development in the region.