Shang Hai free trade zone in China

beilinmkt

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Nov 8, 2013
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A free-trade zone in Shanghai, China's economic hub, has been launched as the world's second-biggest economy prepares to test long-awaited economic reforms.The new zone is being seen as the most important attempt at reform since Communist leader Deng Xiaoping, the architect of China's transformation to a market economy, designated Shenzhen on the border with Hong Kong a special economic zone in 1980.

According to the “General Plan for the Shanghai Free Trade Zone,” a “negative list” approach towards foreign investment management will be adopted in the Shanghai FTZ, meaning foreign investment in all sectors should be allowed unless listed as prohibited or restricted under the Negative List.

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