On July 7th, the Free Trade Agreement between the Government of People's Republic of China (PRC) and the Government of New Zealand was formally signed in Beijing, which was the first free trade agreement between China and developed countries. On April 8, Xinhua News Agency reported that the State Council approved the establishment of Tianjin Binhai New Area Comprehensive Bonded Zone. On April 10, the central parity of RMB against USD in the inter-bank foreign exchange market "broke 7" for the first time, which was 6.992 RMB pairs 1 USD. On April 1 1, the CRH3 EMU made in China rolled off the assembly line. As a result, China has become one of the few countries in the world that manufactures mobile equipment for high-speed railways with a speed of 350 kilometers per hour. On April 1 1, Chen Liangyu, former member of the Political Bureau of the Communist Party of China (CPC) Central Committee and former secretary of Shanghai Municipal Committee, was sentenced to fixed-term imprisonment of 18 years by Tianjin No.2 Intermediate People's Court for accepting bribes and abusing his power, and his personal property was confiscated by RMB300,000. On April 15, the first Sino-British economic and financial dialogue was held in Beijing.