Wang said 24,000 new businesses were registered in the FTZ over the past year, meaning 68 companies were set up on average every day. Total registered capital reached 362 billion yuan.

FTZs often serve as experimental zones where measures are tested before being implemented nationwide.

Amid national efforts to forge good government-business relationships and simplify administrative procedures, measures that prove feasible in FTZs may also be adopted nationwide.

Chinese Premier Li Keqiang said last month China will continue to streamline administration and delegate power to improve the business environment and stimulate market vitality.

"We will cut the time it takes to open a business in China by another half, and we will reduce the time required for reviewing a project application by another half," Li said at a press conference after the conclusion of the annual legislative session.

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