BEIJING: China will establish three new free trade zones, the government said yesterday, more than one year after setting up the first in the commercial hub of Shanghai. Commerce Ministry spokesman Shen Danyang said the new zones would be in Guangdong province in southern China, Fujian in the east, and the provincial-level city of Tianjin southeast of here. The new zones would be on a trial basis, he added. œThe three regions are making plans on the free trade agreements (FTAs) based mainly on the trial programmes in the Shanghai FTA with local geographical and industrial features taken into account, said Shen at a monthly briefing. AFP
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