China has now established 22 free trade zones (FTZs). China free trade zones have played a significant role in bringing the business landscape of China up to the mark. Free trade zones (FTZs) are special economic zones where businesses are allowed to import, export, and manufacture their goods without intervention from any Customs Authority. Over the last few years, the Chinese government has focused on the development of these economic zones. Currently, there are a total of 11 Free Trade Zones in China. FTZs present great investment opportunities for foreigners due to the implementation of pro-business regulations.
1. China (Shanghai) Pilot Free Trade Zone
Shanghai
2. China (Shanghai) Pilot Free Trade Zone Lin-gang Special Area
Shanghai
3. China (Guangdong) Pilot Free Trade Zone
Guangdong
4. China (Tianjin) Pilot Free Trade Zone
Tianjin
5. China (Fujian) Pilot Free Trade Zone
Fujian
6. China (Liaoning) Pilot Free Trade Zone
Liaoning
7. China (Zhejiang) Pilot Free Trade Zone
Zhejiang
8. China (Henan) Pilot Free Trade Zone
Henan
9. China (Hubei) Pilot Free Trade Zone
Hubei
10. China (Chongqing) Pilot Free Trade Zone
Chongqing
11. China (Sichuan) Pilot Free Trade Zone
Sichuan
12. China (Shaanxi) Pilot Free Trade Zone
Shaanxi
13. China (Hainan) Pilot Free Trade Zone (Hainan Free Trade Port)
Hainan
14. China (Shandong) Pilot Free Trade Zone
Shandong
15. China (Jiangsu) Pilot Free Trade Zone
Jiangsu
16. China (Guangxi) Pilot Free Trade Zone
Guangxi
17. China (Hebei) Pilot Free Trade Zone
Hebei
18. China (Yunnan) Pilot Free Trade Zone
Yunnan
19. China (Heilongjiang) Pilot Free Trade Zone
Heilongjiang
20. China (Beijing) Pilot Free Trade Zone
Beijing
21. China (Anhui) Pilot Free Trade Zone
Anhui
22. China (Hunan) Pilot Free Trade Zone
Hunan
● Reduced merchandise processing fees (MPFs) ● Streamlined logistics ● More precise inventory and cost control ● More efficient supply chain operations ● No duties on waste, scrap, or defective parts ● Faster speed-to-market ● No time limit on storage ● Lower insurance premiums ● Better security ● Supply chain integration