Chinese State Council approves Shanghai free-trade zone

Chinese State Council approves Shanghai free-trade zone

The State Council has formally endorsed Shanghai’s plan to open the mainland's first free-trade zone. The project will occupy 28 sq km, centering on the Yangshan Deep Water Port, and will take more than 10 years to build. When completed, the free trade zone will provide world-class transport and communications facilities and a tax-free environment for domestic and foreign enterprises, according to Chinese state run media.

I believe this is going to change the dynamics of Shanghai and make it much more competitive with Hong Kong when it is completed.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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