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Business / Economy

A pioneer blueprint for future free trade

By SHI JING (China Daily) Updated: 2015-10-27 07:48

What they say

"It is not the Shanghai FTZ's mission to stand out from its peers, but rather to strive to excel with its own merits."

Shen Xiaoming, director of the management committee at the Shanghai FTZ

"In the first place, the Shanghai FTZ should realize a high degree of openness to foreign investment by having a global vision, being more open and with predictable policies, an international investment system, a highly reliable government, as well as provide more benefits to employees of domestic companies and create a better commercial environment."

Sun Yuanxin, deputy director of Research Institute for the Shanghai FTZ at Shanghai University of Finance and Economics

"The Shanghai FTZ has created a more efficient business environment for enterprises. But more can be expected, especially in taxation reforms."

Li Zhaojie, deputy director of the administrative committee at the Shanghai FTZ

"The key to further development of the Shanghai FTZ lies in financial reform. As the total area of the Shanghai FTZ is quite limited, it is hard to attract a large number of high-end manufacturing firms. The city's strength in financial services should be the core of the Shanghai FTZ in the future."

Yu Nanping, a professor at the School of Advanced International and Area Studies under East China Normal University

"We have seen limited income tax incentives (e.g. reduced income tax rates) introduced for the Shanghai FTZ in the past two years."

Vivian Jiang, national leader of tax and business advisory services at Deloitte China

"Tianjin is working hard to build a foreign-funded manufacturing highland in China."

Jiang Guangjian, deputy director of the administrative committee of the China (Tianjin) Pilot Free Trade Zone

"Being a mainland region that is close to Taiwan geographically, Pingtan will play a significant role in cross-Straits relations."

Huang Maoxing, deputy director of the School of Economics at Fujian Normal University

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