A decade on, China's free trade zones become pacesetters for further reform and opening-up

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A decade on, China's free trade zones become pacesetters for further reform and opening-up

STORY: A decade on, China's free trade zones become pacesetters for further reform and opening-up DATELINE: Aug. 2, 2023 LENGTH: 00:02:25 LOCATION: SHANGHAI, China CATEGORY: ECONOMY SHOTLIST: 1. various of Shanghai FTZ and views in China 2. SOUNDBITE 1 (English): ANNA VAN ACKER, Senior Vice President of MSD and President of MSD China 3. SOUNDBITE 2 (Chinese): TANG HAO, Deputy director, Management committee, Lin-gang Special Area of Shanghai FTZ 4. various of the views in China 5. SOUNDBITE 3 (English): BELEN GARIJO, Chair of the Executive Board and CEO of Merck Group 6. SOUNDBITE 4 (English): BENOIT BAZIN, CEO, Saint-Gobain Group STORYLINE: In 2013, China set up its first pilot free trade zone (FTZ) in Shanghai, a testbed of new opening-up policies. After rounds of expansion, China now has 21 such zones and the Hainan Free Trade Port. They have played a crucial role in attracting foreign investment and stabilizing foreign trade. In 2022, the 21 FTZs saw exports and imports rise 14.5 percent year on year

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