A new batch of free trade zones is expected to report to the three regions of Zhengzhou and other places in the central and western regions.

The implementation of a new round of high-level opening up, accelerating the construction of a new open economic system, and taking the initiative to win the initiative of development and the initiative of international competition are the new layout of China's opening up in the next few years, and also a new factor in China's foreign trade development. In this context, accelerating the implementation of the free trade zone strategy and gradually building a trade network based on the surrounding and radiating the world has become a target for opening up to the outside world.

In order to build a new pattern of opening up to the outside world as soon as possible, in addition to setting up a free trade zone along the coast, a number of free trade zones will be established in the inland. According to the China Securities Journal reporter, at present, Zhengzhou, Xi'an and Lanzhou are making great efforts to set up the inland free trade zone, and the three-zone free trade zone plan has been reported to relevant departments.

Chen Yao, secretary general of the China Association of Regional Economics, said that the further expansion of the free trade zone should focus on the inland areas. The central and western regions, especially the regions and node cities that best match the strategies of the “Belt and Road” and the Yangtze River Economic Belt, are the most May be approved.

Inland Free Trade Zone

According to industry analysts, the attitude of the relevant departments to speed up the expansion of the free trade zone is obvious. With the gradual implementation of the coastal free trade zone, the pace of setting up a free trade zone in the inland, especially in the central and western regions, will accelerate.

The advantage of the central and western regions in terms of resource and foreign trade growth has become an important bargaining chip for the establishment of the inland free trade zone. Chen Yao believes that there is a certain scale of foreign trade in the inland central and western regions. These actively declared areas, such as Xi'an and other special customs supervision areas, have matured in the past years. Together with the opening to the west, some important node city settings have been selected. Some parks should be said to be very suitable.

"The next batch of free trade zones will be produced in the interior. There is a possibility." Feng Zongxian, a member of the China International Trade Association and a professor at the School of Economics and Finance of Xi'an Jiaotong University, said that of course the country still wants to replicate the experience of the eastern region. The conditions in the coastal areas are relatively mature and the direction is clear. What should be considered in the inland areas, especially in the western areas, is the effect of the opening of specific areas. Chengdu, Wuhan, etc. may set up a free trade zone.

According to industry insiders, the inland free trade zone will gradually surface in the second half of the year. Now there are four free trade zones in the coastal areas. In the next round, there will be a number of free trade zones in the central and western regions, forming a structure of about 10 free trade zones across the country.

Actively apply for more places

The China Securities Journal reporter recently reported to the local government's work report that many localities have clearly stated that they will actively declare the free trade zone. The major cities and regions involved include Chongqing, Hubei Wuhan, Henan Zhengzhou, Shaanxi Xi'an, Gansu Lanzhou, Shandong Qingdao, Liaoning. Dalian, Jilin Changchun and Hunchun, Guangxi Beibu Gulf and so on.

China Securities Journal reporter was informed that Xi'an, Lanzhou and Zhengzhou are currently applying to relevant departments, hoping to carry out research on free trade zones.

Yuan Bo, deputy director of the Institute of Asian and African Studies of the International Trade and Economic Cooperation Institute of the Ministry of Commerce, said that the conditions in the central and western regions are quite comparable and may each have their own advantages. For example, if the state considers setting up a free trade zone to radiate Central Asian countries at the node of the "Silk Road Economic Belt", in this sense, perhaps the status of Xi'an will be more important. From the perspective of long-term development and current advantages, each region has its own advantages and may be considered. Who can get approval is not good.

The Xi'an Free Trade Zone application plan has been reported to the relevant departments for handling. The 2015 government work report of Shaanxi Province proposed that Xi'an Customs was allowed to copy the Shanghai Free Trade Zone system as an opportunity to do a good job in the preparation of the “Silk Road Economic Belt Free Trade Zone”.

Gansu Province's 2015 government work report proposes that the reform of the economic sector will be intensified, and the pilot experience of replicating reforms in the Shanghai Pilot Free Trade Zone will be actively promoted to establish a China (Lanzhou) Free Trade Zone. At present, the Lanzhou Free Trade Zone application plan has also been reported.

China Securities Journal reporter was informed that Zhengzhou, Henan Province has submitted an application for research in the Free Trade Zone to relevant departments. Feng Dexian, a researcher at the Institute of Geography of the Henan Academy of Sciences, said that the current Henan Free Trade Zone planning plan is still in preparation, and preliminary research preparations are underway. It is initially set up to take six months to develop a plan suitable for Zhengzhou's development and to maximize its benefits.

According to industry insiders, Xi'an, Lanzhou and Zhengzhou are cities with a close degree of "One Belt, One Road" strategy, and the possibility of approval is very large.

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