LINE

Text:AAAPrint
Economy

FTZ contributes to over 40 pct Shanghai import, export in first 10 months

1
2018-11-26 16:37:40Xinhua Editor : Li Yan ECNS App Download

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 data came days after the State Council, China's cabinet, released a raft of measures supporting pilot FTZs to deepen reform and innovation.

According to the Shanghai Customs, more than 19,000 new enterprises have been registered since the FTZ was founded five years ago, bringing the total number to 28,000.

The total import and export volume in the first 10 months in the Shanghai FTZ has reached 1.21 trillion yuan (about 174 billion U.S. dollars), up by 5.8 percent year on year.

The Shanghai FTZ was China's first pilot FTZ set up in 2013. Since then, China has set up a total of 12 FTZs, with the latest addition being the island province of Hainan, the country's largest FTZ.

Pilot FTZs have become pioneers in promoting the country's reform and opening-up. Up to 153 practices piloted in the FTZs have so far been replicated in other regions or sectors.

On Friday, China released a document that included more than 50 measures to create a more favorable investment environment in the FTZs, especially on trade facilitation, financial innovation and advancing the human resource sector. Enditem

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.