Date
16 August 2017

Shanghai FTZ eyes ‘negative list’ revision, paper says

Shanghai mayor Yang Xiong {楊雄} said the city’s free-trade zone (FTZ) has been operating smoothly since its official launch in September last year, National Business Daily reported Monday. An important goal for the FTZ this year is to revise the “negative list” that mandates ban or restriction on certain types of foreign investment, Yang said. Shanghai’s gross domestic product is expected to have expended around 7.7 percent in 2013, with the fiscal income seen up 9.8 percent year on year. GDP growth for 2014 is forecast at 7.5 percent, the report said.

– Contact HKEJ at [email protected]

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