On December 12th, 2014, Chinese Premier Li Keqiang held a State Council Executive Meeting where he promoted emulating the FTA experience in Shanghai, improving the negative list and increasing the speed of opening up. As a result, they will stress reform and opening up of the Shanghai free trade zone, especially the service industry and advanced manufacturing. Also, there are 28 reforms investing the investment, trade, finance and service industry will be enacted throughout the country. China will also open 3 more free trade zones in Guangdong, Tianjin and Fujian, taking the experience of the Shanghai free trade zone and adding local characteristics to the new zones.
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