The SFTZ was launched to trial streamlined business registration. Companies can register and be operational in the zone in three working days, considerably less than the previous 40.

In 2017, three more FTZs opened in Tianjin Municipality, and the provinces of Guangdong and Fujian. A third batch of seven more went online in August 2016.

As structural reform breeds innovation-driven growth, these zones have become attractive to investors and contributed to policy innovation and opening up in industry, finance and other sectors.

In January 2017, the central government announced more measures to attract foreign investment through easier access and a better business environment. Foreign firms already face fewer restrictions in the manufacturing, mining and services sectors.

"The trials in the FTZs set an example for economic reform and opening up nationwide," said Ren.

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