The China (Shanghai) Pilot Free Trade Zone has implemented seven new measures to promote offshore transit trade in the zone, according to a recent announcement made by the Shanghai Pudong New Area government.
Two months after the Lingang Special Area was included into the China (Shanghai) Pilot Free Trade Zone, the Lingang administrative committee announced 56 favorable measures on Friday to bolster the full life cycle development of emerging industries and build an open industrial system that will be competitive worldwide.
The Shanghai municipal government rolled out guidelines on Sept 18, to further open up its markets to the outside world and encourage foreign investment.
BEIJING - China's State Council, or the cabinet, has issued an overall plan for the new Lingang area of the China (Shanghai) Pilot Free Trade Zone.
In his visit to Shanghai free trade zone, premier stresses key role of training
Shanghai now has more than 400 foreign-invested research centers, the most in China.
President Xi Jinping has called for more coordinated planning, reform and innovation to develop China's pilot free trade zones into new leading areas of reform and opening-up for the new era.
Shanghai will soon be implementing a plan to develop the service trade industry, which includes the cultivating of 200 high-end service providers, 20 demonstration areas and 20 international platforms for service trade.