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China's new "dual-circulation" development model will provide the engine for the country's future economic success and could herald a new era of globalization, according to experts.
China's first free trade zone was set up in Shanghai in 2013. The country added four more FTZs in the coastal provinces of Fujian and Guangdong and the inland provinces of Shaanxi and Sichuan.
China's newly approved Foreign Investment Law will also provide opportunities for Europe to further strengthen cooperation with China, given that it shows China's efforts to improve its domestic business environment, he added.
China's financial opening has been firm and steady. Foreign ownership caps on securities firms were scrapped recently, which has inspired many foreign companies to seek to set up wholly owned subsidiaries.
China's new sci-tech innovation board will start trading on July 22, with the first batch of 25 companies debuting on the board, according to the Shanghai Stock Exchange (SSE).
来源：资阳报