Weng Zuliang, Party secretary of Pudong New Area, Shanghai, visited private hi-tech companies in Zhangjiang Science City on Nov 19.
China (Shanghai) Pilot Free Trade Zone is the country's first domestic free trade pilot zone and shows China's determination to further open up its economy under the new circumstances. The pilot free trade zone, approved by the State Council, China's Cabinet, in September 2013, includes seven bonded areas spread over 120.72 square kilometers.
The Shanghai Free Trade Zone (FTZ), with an area of 120 square km, generated 42.9 percent of the total import and export of the municipality in the first 10 months, local authorities said Sunday.
The State Council on Friday released a raft of measures supporting pilot free trade zones (FTZs) to deepen reform and innovation.
The China (Shanghai) Pilot Free Trade Zone (SHFTZ) is set to establish another pilot free trade zone, according to Gao Feng, a spokesman for China's Ministry of Commerce, at a regular news briefing on Nov 15.
Twelve world-renowned asset management institutions including US-based State Street Corp and Two Sigma Investments LP will land in Lujiazui, Shanghai's financial hub.
Shanghai will open wider doors to the outside world, as opening up is the city's biggest strength, said Li Qiang, Party secretary of Shanghai, during a meeting with Roger Crandall, CEO of US-based MassMutual Financial Group on Nov 10.
Ten foreign-invested industrial projects involving healthcare, intelligent manufacturing and internet-connected vehicles will land in Shanghai.