The rollout of the Chinese mainland’s first free trade zone, to be centered in Shanghai, was approved by the State Council on Wednesday, marking a new step in the country’s reform process.
The zone, to be established on a trial basis, will consist of four separate bonded zones under the special administration of customs, including the already in place Waigaoqiao Free Trade Zone and the Pudong International Airport Comprehensive Free Trade Zone, said an announcement released by the State Council.
The building of the free trade zone in Shanghai is compliant with global development trends and marks a big step forward in the nation’s opening-up, it added.
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Li Xiang via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/DWVIuGY_s7Y/
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