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Xinhua | Updated:2016-11-10 21:05BEIJING — Chinese government is seeking to replicate its success in several free trade zones (FTZs) nationwide.
The State Council has published a circular mapping out the replication, which will see 19 new items applied across the country.
Among the successes of the FTZs has been the introduction of a negative list, which specifies investment sectors off-limits to foreign investors and allows industries not on the list to follow the same new investment rules as domestic firms.
Other items include simplified trade procedures and customs regulations.
FTZs are a way of testing new policies, including interest rate liberalization and fewer investment restrictions, to better integrate the economy with international practices.
The expansion comes more than three years after the launch of Chinas first FTZ in Shanghai.
In late 2014, Tianjin, Fujian and Guangdong were allowed to set up the second group of FTZs. Another seven were added across the country in August this year.Related Stories33 deals signed at Shanghai FTZs overseas startup fairShanghai FTZ wants talented people from abroadFTZ that will open up inland regionsShanghai FTZ boosts inbound and outbound investmentCompanies benefit from Lujiazuis inclusion into Shanghai FTZPhotoChinas vice minister for Public Security elected as Interpol presidentPlaces to enjoy golden gingko tree leavesGolden monkeys have fun in snow4th Oceanology International China kicks off in ShanghaiOverhead bridge rotated in E ChinaTeam searches for boy trapped in wellLatestTibet less remote as worlds highest road tunnel opensChina investment executive Xu Xiang indicted for securities fraudFormer deputy head of Heilongjiang legislature prosecuted for briberyShanghai Disneyland to expand with Toy Story-themed areaInternational philosophy forum opens in BeijingState Council NewsPremier Li visits four Eurasian countries5-year national plan on mineral resources approvedExclusiveHow intra-Party supervision is carried outHighest and lowest life expectancy across ChinaFacts about Partys new rulesEditors picksChina launches X-ray pulsar navigation satelliteNational park to protect tigersTen photos you dont wanna missTen photos from around China: Oct 28- Nov 3SpecialSixth plenum of 18th CPC Central CommitteeShenzhou XI: New frontiers, new milestoneBACK TO THE TOPHOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELWATCHTHISSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperMOBILECopyright 1995 -var oTime = new Date();
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