China greenlights plans for Guangdong Free Trade Zone

Global Business

The ambitious Guangdong Free Trade Zone also got the regulatory greenlight today. Some say it will further enhance cooperation with Hong Kong and Macao. Others are more cynical.
CCTV’s Zhu Dan filed this report.

China greenlights plans for Guangdong Free Trade Zone

China greenlights plans for Guangdong Free Trade Zone

The ambitious Guangdong Free Trade Zone also got the regulatory greenlight today. Some say it will further enhance cooperation with Hong Kong and Macao. Others are more cynical. CCTV's Zhu Dan filed this report.

Highlights:

  • The four economic pillars of Hong Kong are: trading and logistics; financial services; professional services and other producer services; and tourism.
  • Little is known about how the newly-approved FTZs will further enhance Shanghai’s Free Trade Zone experiments.