Article Code 81345782170 HK, Review of The Avanti Group News: China's plan to set up FTZ in Shanghai may challenge Hong Kong
Scarlett Beckett
2013-05-20
Views 11
http://articles.economictimes.indiatimes.com/2013-05-15/news/39282267_1_trade-zone-shanghai-ftz
article code 81345782170 HK, review of the avanti group news
BEIJING: China's largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong.
The major driving force is a 10-year plan for Pudong, or the eastern part of Shanghai, that is grander and bolder than anything that has ever been conceived even by overly ambitious Shanghai officials, state-run China Daily reported today.
The plan encompasses an area of 28 square kilometers, including Waigaoqiao Free Trade Zone, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. The area is almost the same size as Macao, and its trade volume topped USD 100 billion last year, the highest on the mainland.
article code 81345782170 HK, review of the avanti group news
BEIJING: China's largest metropolis and international business hub Shanghai plans to develop a free trade zone in one of its major commercial areas, posing a direct challenge to free port in commercial centre Hong Kong.
The major driving force is a 10-year plan for Pudong, or the eastern part of Shanghai, that is grander and bolder than anything that has ever been conceived even by overly ambitious Shanghai officials, state-run China Daily reported today.
The plan encompasses an area of 28 square kilometers, including Waigaoqiao Free Trade Zone, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone. The area is almost the same size as Macao, and its trade volume topped USD 100 billion last year, the highest on the mainland.
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