China collects over 400 bln yuan in taxes from major FTZs
China collected 409 billion yuan (59.3 billion U.S. dollars) in taxes in four major free trade zones (FTZs) last year, data from the State Administration of Taxation (SAT) showed.
FTZs poised to sharpen growth edge
The development of free trade zones will create a competitive edge for China to tap supply-side reform and the Belt and Road Initiative, as well as allow inland regions to diversify their manufacturing and geographical advantages.
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