The Shanghai Free-Trade Zone has attracted a large number of companies and capital in the past, but according to the latest statistics, its exports in 2017 only increased by 3%, which is in stark contrast to its number of new companies and capital. The basic purpose of setting up a free-trade zone is to promote free trade with foreign countries. If the growth of foreign trade is limited, what are the large numbers of enterprises and capital doing there? There are 11 free-trade zones in China and it is necessary to make an objective assessment of their achievements.