China-European Union Investment Relationships
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China-European Union Investment Relationships

Towards a New Leadership in Global Investment Governance?

Edited by Julien Chaisse

Based on original research, and bringing together expert contributors, this book provides a critical analysis of the current law and policy between the EU and China, both internally and internationally. Covering key topics on the subject, this book draws together diverse perspectives into a single collection, and is an invaluable tool for both scholars and practitioners of trade and investment law, as well as human rights and environmental law and policy.
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Chapter 6: FTZs: can they initiate a new round of reforms in China?

Jiaxiang Hu

Abstract

Different from all the previous Special Economic Zones which, more or less, received some incentive policies and tax reductions from the central government, the Free Trade Pilot Zones have not been offered any preferential treatment in an economic sense. Instead, they are encouraged to experiment with new innovative measures in market access and administrative regulation. With the piloting reforms in the following years, these FTZs shall expedite the functional transformation of government through streamlining the administrative power, expand the opening up of service sectors by releasing the limitations on market access, promote the reform of administrative regulation on foreign investment, develop the multinational corporation headquarter economy with more sophisticated facilities and try experiment with new trade forms. As such, experience hence gained will serve nationwide with new ideas and approaches in the next round of economic reforms.

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