The establishment of pilot free trade zones represents China's major move to adopt a more proactive strategy of opening up in line with the new trend of global economic development. The State Council has so far approved pilot free trade zones (FTZs) for Shanghai, Tianjin, Guangdong, Fujian, Liaoning, Zhejiang, Henan, Hubei, Chongqing, Sichuan, Shaanxi, Hainan, Heilongjiang, Hebei, Shandong, Jiangsu, Guanxi and Yunnan. More