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China unveiled its first pilot FTZ in Shanghai in 2013. Twelve pilot FTZs have been established nationwide, where reform measures such as streamlined business registration and easier access to administrative services are tested before being promoted nationwide.

China promised a more proactive and effective fiscal policy in 2017, with the fiscal deficit set at 3 percent of GDP, or 2.4 trillion yuan, up 200 billion yuan from 2016.

China stands ready to work with Azerbaijan to deepen political mutual trust and advance the mutually beneficial cooperation to benefit the two peoples, Vice-Foreign Minister Zhang Hanhui said on Tuesday.

China will also need to bolster its homegrown talent pool by strengthening education and career services for graduates, improve benefits for engineers doing basic research and support innovative and original work in electronic engineering and computer science, they said.

China unveiled a shortened negative list for foreign investment, cutting the number of items down to 48 at the moment from 63 in June 2018, which has widened market access for foreign investment in primary, secondary as well as tertiary sectors.