Economic reform with the prize set on the international marketplace: One giant leap toward rising China 2.0 with pilot free-trade zone established in Shanghai.
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Pilot FTZ ready to launch
By Louise Ho in Shanghai
Source – Global Times, published September 29, 2013
The highly anticipated China (Shanghai) Pilot Free Trade Zone (FTZ) will be officially launched Sunday. The first on the Chinese mainland, the FTZ is seen as an important step in China’s economic reform and the internationalization of the yuan.
The State Council, China’s cabinet, Friday issued detailed plans for the FTZ, which aims to deepen financial innovation and build a business environment that is on a par with international standards.
The 28.78-square-kilometer FTZ will cover the Waigaoqiao Free Trade Zone, Waigaoqiao Bonded Logistics Zone, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone in Shanghai.
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