Shanghai FTZ a beacon of success
November 09, 2019
The China (Shanghai) Pilot Free Trade Zone has been moving ahead with remarkable progress in the past six years since its establishment in September 2013, with all-round innovations leading to growing investment and booming business performance.
The free trade zone covered 28.78 square kilometers when it was set up in 2013, including Waigaoqiao, Yangshan and Pudong airport. It was expanded to 120.72 square kilometers in April 2015 to include Jinqiao, Zhangjiang and Lujiazui areas. In March 2017, the State Council, China’s Cabinet, unveiled a comprehensive reform plan, which identified targets for 2020.
The institutional innovation in the Shanghai free trade zone has further stimulated market vitality and economic momentum.