Shanghai FTZ quadruples in size
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E-mail China.org.cn, April 28, 2015
Shanghai's free trade zone on Monday expanded to include three districts, marking that the development of the Shanghai FTZ has entered a new stage.
By including Lujiazui financial hub, Jinqiao manufacturing zone and Zhangjiang high-tech base, the FTZ will enlarge its area to 120 square meters, the largest of all four FTZs, according to the city government and the Shanghai FTZ administrative committee.
The committee office will also be established in the Pudong New Area government, where the FTZ is located, in an effort to deepen government reforms and promote FTZ experience in Pudong, said Sun Jiwei, vice director of the committee and government head of Pudong.
Since the launch of the Shanghai FTZ in 2013, China has used it to test a number of new policies including negative list management on foreign investment, preferential trade and financial policies, and opening up more industries to foreign investors.
The FTZ program was expanded earlier this month with the launch of three new FTZs in Tianjin, Guangdong and Fujian.
Xinhua contributed to the story.
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