A new gateway to HK, Macau with FTZ in Guangdong
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CHINA unveiled free-trade zones in three provinces this week as it pushes ahead with opening up more areas of its economy.
An FTZ in Guangdong will fuse the province's economy more closely with Macau's and Hong Kong's and boost yuan-denominated trade and financing. Guangdong, Hong Kong and Macau's combined output exceeded that of Mexico, South Korea and Spain in 2014, according to IMF estimates and data compiled by Bloomberg.
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