Author(s)

YAN Wei

Corresponding Author

YAN Wei

Abstract

opening-up is a prerequisite for China’s economic take-off and long-term growth, as well as a key factor for China’s economy to integrate into the world division of labor system.With China’s economic and social development stepping into the new normal, it is an inevitable choice for China to further increase its opening-up efforts; the strategy of free trade zone is the symbol of China’s open economy entering the “second quarter”. The study shows that the construction of free trade zones has important strategic significance for transforming government functions, promoting regional linkage and cooperation, and balancing regional development. Meanwhile, in the process of the construction of free trade zones in China, such problems as blind promotion and over-reliance on preferential policies also exist. In order to promote the healthy and orderly development of the free trade zone, it is necessary to further innovate institutional arrangements, optimize government institutional supply, and explore new development paths, so as to provide new pilot experience for other regions in China.

Keywords

Free trade zone, opening-up, regional linkage, institutional innovation.