At the ongoing annual session of the National People's Congress, Chinese President Xi Jinping defined construction of pilot free trade zone as a strategic move to deepen reform and expand opening-up.
Formally approved by the State Council and established on 31 December of 2014, Guangdong Free Trade Zone has been called as “the NO. 1 project for the province’s reform”, and conducted many trials for opening-up.
Hu Chunhua, Party Chief of CPC Guangdong Committee indicated that the zone shoule establish into a hub for high-level opening up. More specifically, the zone would be constructed as an international shipping center, an international trade center, an international financial center and a lead in high-level international urban development.
Recently, Cao Dahua, Director General of the General Affairs Office of Guangdong FTZ, illustrated that the zone would speed up its industrial planning to gather world-class global companies and bridge international and domestic market.
Deputies to the NPC contributed suggestions to FTZ construction, including tighten Guangdong’s tie with Hong Kong and Macao.