HOHHOT, April 11 (Xinhua) -- China has expanded its pilot free trade zones (FTZ) to 23 with the establishment of the China (Inner Mongolia) Pilot Free Trade Zone, according to a plan made public by the State Council Thursday.
The plan grants the new pilot FTZ in north China's Inner Mongolia Autonomous Region greater reform autonomy and encourages pioneering, integrated and differentiated exploration across a wider range of areas and at a deeper level.
The establishment of the China (Inner Mongolia) Pilot Free Trade Zone is an important strategic move to further deepen reforms comprehensively, advance high-standard opening up, and promote high-quality development, according to the plan.
