Z.J China-Africa Economic&Cultural Exchange Center
  • HomePage|BookMark|Mobile|简体中文
  • MetInfo CMS | Foreign Host | Domain Registration

  • Home
  • About Us
  • Latest News
  • Economic&Trade Info
  • Activities
  • Culture
  • Contact Us
  • Laws and Regulations

Latest News

China-Africa Relationship
Africa News
International Dynamics

Contact

Address: Room 705, Building 1, No.1750  International Sunyard Creative Center, Jianghong Road, Binjiang District, Hangzhou City, Zhejiang Province, China
Tel: 0571-87165850
Fax: 0571-87165851
E-mail:  support@zcaec.org
Website: www.zcaec.com
 
 

Position:Home > Latest News > Africa News
Africa News

China to inaugurate Shanghai FTZ on Sept. 29

2013-09-25    Xinhua

 

China will officially launch the pilot free trade zone in Shanghai on Sept 29, taking a solid step forward to boost reforms in the world's second-largest economy. [Photo/Xinhua]

China will officially launch the pilot free trade zone in Shanghai on Sept 29, taking a solid step forward to boost reforms in the world's second-largest economy. [Photo/Xinhua]

China will officially launch the pilot free trade zone (FTZ) in Shanghai on Sept. 29, taking a solid step forward to boost reforms in the world's second-largest economy.

Preparation work is going smoothly, sources with the Shanghai municipal government said on Tuesday.

Covering almost 29 square kilometers, the zone will be created modeled on existing free trade businesses in the country's economic hub -- Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone.

Chinese Premier Li Keqiang said earlier this month that for the pilot FTZ, a negative list approach will be explored and priority will be given to easier investment and greater openness.

China's legislature has given the green light to the State Council, or the Cabinet, to modify laws related to foreign enterprises in the zone.

As authorized by the National People's Congress Standing Committee, the State Council will suspend administrative approvals covering foreign-funded enterprises, Chinese-foreign equity joint ventures and contractual joint ventures.

The State Council approved the pilot Shanghai FTZ on July 3. In the pilot zone, goods can be imported, processed and re-exported without the intervention of customs authorities.

 

 

Hits:  UpdateTime:2013-09-25 17:30:59  【Printing】  【Close】
Previous:China expects to complete space station by 2023  Next:Kenyan Nation Media Group apologizes to Chinese victim
Friendly Link|Message|Feedback

MSN:0000@000.com Email:sales@metinfo.cn

Powered by MetInfo 5.2.10 ©2008-2021  www.metinfo.cn