7. Free trade zones
Three new pilot free trade zones will be set up in Guangdong and Fujian province and in Tianjin, China's cabinet decided on Dec 12, 2014.
The new projects will learn from the experience of Shanghai's Pilot Free Trade Zone to test greater opening-up and tap the economy's huge potential to hedge against mounting downward pressure next year.
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View of Yujiapu Financial District located along the Haihe River in North China's harbor city of Tianjin. [Yue Yuewei/Xinhua] |
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