Liaoning FTZ trades on its strategic location

Industrial base of Northeast China to be revitalized to unleash potential of huge market

Editor's Note: The efforts to stimulate economic growth through free trade zones or FTZs at strategic locations received a new dimension over the weekend with the launch of seven new FTZs. In this first of the planned series of special features, China Daily turns the spotlight on the new China (Liaoning) Pilot FTZ, which will transform three northeastern provinces and the eastern Inner Mongolia autonomous region. Their 110 million people and a regional GDP of over 6 trillion yuan ($871 billion) are key to the Chinese economy. The FTZ aims to promote not only a more open and friendly domestic and foreign trade but international cooperation in Northeast Asia. Even as the new economy continues its march, the FTZ will revitalize the industrial strengths of its constituents Shenyang, Dalian and Yingkou. The stories here will give you a sense of the economic rejuvenation China's northeast is about to witness.

The central government announced the launch of the China (Liaoning) Pilot Free Trade Zone over the weekend to revitalize the traditional industrial base in Northeast China and promote international economic and trade cooperation in Northeast Asia.