Shaanxi FTZ pushes ahead with greater reform, innovation

The Information Office of the Shaanxi Provincial Government held a news conference on April 9 to honor the reform and innovation achievements of the China (Shaanxi) Pilot Free Trade Zone (FTZ), on the third anniversary of its construction.

Shaanxi FTZ was established on April 1, 2017. During the past three years, it has presided over a series of innovative achievements that have optimized its business environment, strengthened the integration of its systems innovations and fast tracked the location there of export-oriented industries.

Officials said it has completed a total of 370 innovation cases, of which 16 were replicated and promoted nationwide. Moreover, the FTZ has been praised by the State Council and ministries and 53 of its reforms and innovation achievements were replicated and promoted throughout the province.

A total of 57,853 new market entities had been added to Shaanxi FTZ as the end of 2019, including 38,588 companies with a registered capital of 707.11 billion yuan ($100.56 billion).