The Pilot Free Trade Zones (FTZ) in Guangdong, Tianjin, and Fujian have achieved significant results since their launches and have attracted a total of 22.64 billion yuan ($3.65 billion) of foreign capital, according to Shen Danyang, spokesman of the Ministry of Commerce. Among the three FTZs, Tianjin ranked the top for attracting foreign capital.

The Guangdong FTZ has added 170 foreign investment corporations (28.76 percent of the province's total) and attracted a total of 7.77 billion yuan ($1.25 billion) in foreign capital, 45.26 percent of the province's total. The investment mainly went to financial services and business services.

Tianjin FTZ has attracted 80 new foreign corporations and 11.71 billion yuan ($1.89 billion) of foreign capital, accounting for 58.82 percent and 69.42 percent of the city's total respectively. The focus of the investments was leasing industries.

A total of 146 foreign corporations with 3.15 billion yuan ($507.47 million) of foreign capital were attracted to the Fujian FTZ, 71.57 and 53.55 percent of the province's respective totals.

The numbers of new corporations in the three FTZs are increasing. The Guangdong FTZ added 14,217 new corporations in the first five months of the year with total registration capital of 577.9 billion yuan ($93.10 billion). Tianjin FTZ added 4,500 and and Fujian FTZ 9,296, with registered capital of 106.2 billion yuan ($17.11 billion) and 125.8 billion yuan ($20.27 billion) respectively.

The number of exported automobiles decreased 22 percent in April. The total overseas shipment of automobiles dropped 15 percent in the first four months of the year, due to increasing exporting difficulties caused by exchange rates, regional politics, and trade restrictions.

Moreover, the auto companies' accelerating overseas investments and factory establishments, the expansion of local manufacturing, and the transition from finished vehicle exports to parts and accessories are other major reasons for the decline of automobile exports.