CHINAShanghai Free Trade Zone - A New Era For China?On 29 September 2013, China officially launched the China (Shanghai) Pilot Free Trade Zone ("Shanghai Free Trade Zone"), which is thought to be one of the largest regulatory reforms since the era of Deng Xiaoping. This update will give you a glimpse of what the Shanghai Free Trade Zone entails.
The Shanghai Free Trade Zone covers an area of 28.78 square kilometres along the eastern coast of Pudong. It includes the four existing customs-supervised areas: (i) Waigaoqiao Free Trade Zone, (ii) Waigaoqiao Bonded Logistics Park, (iii) Yangshan Free Trade Port Area, and (iv) Pudong Airport Comprehensive Free Trade Zone. Its Master Development Plan, covering 6 industries with 18 sub-sectors that are open for investment in the Shanghai Free Trade Zone, outlines a specific guide for how the Shanghai Free Trade Zone will operate.