A 2,000-ton gold warehouse will be operational this month in the Shanghai Pilot Free Trade Zone, as global traders look to the zone as a gateway.
Chinese mainland and Taiwan adopted 19 joint proposals at the 9th Cross-Strait Economic, Trade and Culture Forum, including one boosting the island's cooperation with Shanghai FTZ.
The launch of the China (Shanghai) Pilot Free Trade Zone will bring improved logistics and better business opportunities to regions like Yiwu, Zhejiang province, home to the world's largest trading market for small commodities.
Shanghai's foreign direct investment expanded 10.5 percent from a year earlier to US$1.8 billion in September, according to the Shanghai Statistics Bureau.
A blueprint for Shanghai free trade zone indicates Chinese policymakers are looking forward to a favorable "micro-environment" for international investment and trade.
China's cabinet on Friday approved a detailed plan allowing foreign companies to invest in more service sectors in the Shanghai Free Trade Zone (FTZ).
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China will experiment with a wide range of reforms, including easing restrictions on yuan, investment, trade and business management in the (Shanghai) Pilot Free Trade Zone.
Foreign investors in the Shanghai free trade zone will be treated same as Chinese in the pre-establishment phase of their business.
Baoshan Iron and Steel Co Ltd, one of the nation's largest steelmakers, will benefit from Shanghai's free trade zone, sources said.
Shanghai's pilot free trade zone will boost imports and exports, stabilize economic growth, and benefit various industries including finance and shipping, expert said.
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