Chinas starts building first inland free-trade zone

CHINA’S first inland free-trade zone will open in Chongqing. Construction of the US$5 billion site started today and is expected to be completed in 2015. It will cover 8.37 square kilometres and link to both Jiangbei International Airport and the local harbour.

President of the Chongqing Free Trade Area Development and Management Company, Bao Zichuan, said that Chongqing will become western China’s logistic hub. Chongqing not only links the upper reaches of the Yangtze River and the western part of China but is also due to be linked to the Chinese rail network.