The Shanghai free trade zone will open the service sector wider to foreign investors by launching reforms catered to the needs of enterprises, and also make policies more transparent, said Jian Danian, deputy director of the zone’s administration.
More than 50 rules and restrictions governing foreign investment in Shanghai’s pilot free trade zone have been lifted in a bid to support its continued growth and development, a senior official said yesterday.
China moves forward on its Free Trade initiatives by setting up “pilot zones” in several regions. The announcement came overnight from the office of Long Guoqiang at the General Office of the Development Research Center or DRC.
