BEIJING (Sputnik) — According to the Council's statement, the new zones will be created in the Liaoning, Zhejiang, Henan, Hubei, Sichuan, Shaanxi provinces and the Chongqing municipality.
As of today, there are four free trade zones in China, namely in Shanghai, Tianjin and Guangdong and Fujian provinces.
In July 2016, China’s State Council eased the rules for foreign investors in the four free trade zones. Among other measures taken by the country’s authorities, investors were temporarily allowed to establish wholly-owned subsidiary companies in the free trade areas.
