China to expand Zhejiang FTZ
China DailyA Japanese LNG vessel docks at a terminal in Zhoushan, Zhejiang province. According to the new plan, the Zhejiang FTZ, which currently occupies around 120 square kilometers in area, will add another 119.5-sq-km area in Zhejiang province, namely the Ningbo area, the Hangzhou area, and the Jinhua-Yiwu area. The Ningbo area is set to become an international shipping hub, an oil and gas resource distribution center of international influence, an innovation center for international supply chains, a global scientific innovation center for new materials, and a demonstration zone for intelligent manufacturing. The Hangzhou area is set to become a nationally-leading pilot development zone for new-generation artificial intelligence technologies, a national-level fintech development zone, a world-class cross-border e-commerce demonstration center, and a demonstration zone for digital economy. The Jinhua-Yiwu area is set to become the world’s capital of small commodities, an international free trade center for small commodities, a digital trade innovation center, an inland hub for international logistics, a manufacturing innovation center, and an important cooperation platform for the Belt and Road Initiative.