Guangdong studies trade zone tie-up with Hong Kong, Macau: Report
SHANGHAI/HONG KONG (REUTERS) - China's export engine Guangdong province, located opposite Hong Kong, is studying how to develop a new integrated free trade zone (FTZ) in cooperation with Hong Kong and Macau, the official China Daily reported on Wednesday.
The article quoted sources with knowledge of the situation as saying the province had been encouraged to "immediately"apply for central government approval to begin construction of the zone.
Guangdong already hosts three free trade zones: Qianhai near Shenzhen, bordering Hong Kong; Hengqin island in the Zhuhai special economic zone; and Nansha district of the provincial capital Guangzhou.
Sources said the new integrated zone would bundle these zones together and also include the Guangzhou airport's economic development zone.