Aerial photo taken on Aug. 27, 2019 shows cargo ships berthed at a wharf of Wenfeng port in the China (Hebei) Pilot Free Trade Zone (FTZ) Caofeidian area in north China's Hebei Province. (Xinhua/Yang Shiyao)
BEIJING, July 7 (Xinhua) -- China's pilot free trade zones (FTZs) have seen their successful practice in 278 cases of innovation in institutional reform promoted at the national level, according to the Ministry of Commerce (MOC).
The achievements were made in the past eight years since the establishment of the first pilot FTZ, and the innovations include fundamental reforms such as negative lists for foreign investment, said Chen Hong, an official with the MOC.
At the local level, about 1,400 institutional innovations from 18 pilot FTZs have been promoted within the provincial regions where they are located, he added.
China set up its first pilot FTZ in Shanghai in 2013. After five rounds of expansion, China now has 21 pilot FTZs, which represent the new high ground for the country's reform and opening-up.
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