Nansha tops China FTZs in investment liberalization

Guangzhou's Nansha district ranked first place in terms of investment liberalization among nationwide free trade zones (FTZ), according to a recent report released by Sun Yat-sen University's Institute of Free Trade Zones.

The institute has been assessing the institutional innovation effectiveness of China's 54 FTZs for eight years. It evaluates five indexes: trade facilitation, investment liberalization, financial reform and innovation, transformation of government functions, and legal environment.

The average system innovation index score of the 54 nationwide FTZs was 78.03 points, significantly higher than that of last year, which was 76.70 points. Of note, Nansha ranked third in the evaluation.

By the end of 2022, China's FTZs had launched over 3,400 reform measures, and over 200 institutional innovation achievements have been successfully duplicated and promoted throughout the whole country, showcasing the demonstration and guidance role of pilot FTZs.