Shanghai FTZ achieves excellent contractual foreign investment
The China (Shanghai) Pilot Free Trade Zone (FTZ) attracted contractual foreign investment totaling $12.8 billion in 2019.
The Lin-gang Special Area – a new joiner of the China (Shanghai) Pilot FTZ -- has already attracted 1,018 new foreign-invested enterprises, bringing in about $3.6 billion of contractual foreign investment. Total foreign investment from 2005 to November, 2019 was $1.4 billion.
The cooperation with Tesla is the largest foreign-invested manufacturing project in Shanghai and the first foreign-owned overseas auto enterprise project in China. It has set a new speed record for manufacturing projects in Shanghai and nationally.
The Shanghai FTZ has made further breakthroughs in opening new areas to the outside world, continuing to push for the first project of the 54 measures for further opening up of the free trade zone and achieving great breakthroughs in the new open areas. By the end of October this year, 33 out of the 54 measures had been rolled out to expand opening-up, bringing the total number of enterprises to 3,131.
Following the opening up of the shipping service industry in the Shanghai FTZ and the establishment of international ship management enterprises by wholly foreign-owned enterprises, a number of world-class shipping service companies have settled in the free trade zone.