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Shanghai economy opening rapidly

August 06, 2018

Shanghai is working hard to open up and implement reforms to attract business, including trimming the negative list of areas in which foreign investment is not allowed.
Shanghai’s districts are each implementing measures to realize the city government’s vision of opening-up, most recently outlined in the city’s “100 measures” released in July encouraging foreign investment in the advanced manufacturing sector and reforming the car, aircraft and shipbuilding industries.
The negative list for foreign investment in the Pudong New Area’s free trade zone has been revised four times in the past five years and cut to 45 items from 190, said Lu Fangzhou, deputy director of Pudong New Area and the administrative board of the FTZ.