The China (Guangxi) Pilot Free Trade Zone (FTZ) has attracted 100,000 enterprises to settle, marking a 28-fold increase from before its inception five years ago, according to the regional department of commerce in August.
Established in 2019, the pilot FTZ in south China's Guangxi Zhuang Autonomous Region aims to to promote the country's opening up to ASEAN and to pilot new mechanisms in China-ASEAN cooperation.
The FTZ comprises the Nanning area in the region's capital city, the Qinzhou Port area along the coast and the Chongzuo area bordering Vietnam.
So far, the zone has successfully implemented all 120 pilot projects assigned by the country and has replicated and promoted 169 regional-level innovations across the region.
The FTZ is set to leverage its geographic proximity to ASEAN countries, contribute to the New International Land-Sea Trade Corridor in western China, and serve as a key link between the Maritime Silk Road and the Silk Road Economic Belt.
Since the establishment of the first pilot FTZ in Shanghai in 2013, China has established a total of 21 FTZs, as well as the Hainan Free Trade Port. Located from coastal areas to inland regions and border provinces, these FTZs have become pacesetters for the country's high-standard reform and opening-up endeavors.
Over 100,000 enterprises settled in Guangxi's pilot free trade zone
China created a total of 11.98 million new urban jobs in the first 11 months of the year, official data showed on Friday.
Since the beginning of this year, the employment situation has been generally stable among young people, including college graduates, while the scale of rural migrant workers continued to grow, according to the Ministry of Human Resources and Social Security.
This year, the ministry continued to implement policies such as reducing insurance charges of unemployment or work-related injury, which are levied on enterprises, and strengthening support for business entities in areas including the private sector and micro, small and medium enterprises.
A total of 1.32 million internship positions were released this year. In addition, vocational training subsidies were issued to over 12 million people, with migrant workers as the majority, and 150,000 enterprise-based apprentices have benefited from subsidy policies.
Moreover, 679 vocational schools have adopted an integrated work-study model that merges the work process with the learning, and have trained more than 18,000 teachers under the project.
During the January-September period, a total of 80.2 billion yuan (11.2 billion U.S. dollars) was issued in employment subsidies to enterprises nationwide to encourage employment, the data showed on Friday.
China creates 11.98 million new urban jobs in first 11 months
