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Shanghai pilots free trade zone
Shanghai pilots free trade zone
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Shanghai is set to test the water for further financial reform after the central government approved the establishment of a pilot free trade zone in the business hub. The city has released detailed guidelines including measures to allow more private capital in the banking sector and promote cross-border use of the yuan.
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  • (China Daily)2017-11-09 07:44

    In the report he delivered at the opening session of the 19th National Congress of the Communist Party of China, General Secretary Xi Jinping said more powers will be granted to pilot free trade zones to conduct reform and explore the opening of free trade ports.A free trade port is an entire port a...

  • (Xinhua)2017-11-08 13:31

    Containers are seen at Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, Feb 13, 2017. [Photo/Agencies]BEIJING - China's foreign trade volume rose 15.9 percent year-on-year to 22.52 trillion yuan ($3.39 trillion) in the first ten months of this year, official data showed W...

  • (Xinhua)2017-11-08 11:01

    BEIJING -- US electric automaker Tesla Inc has been in the media spotlight in the past few weeks for something still uncertain: whether, and when, it will build its first car factory in China. Tesla CEO Elon Musk spoke of a "rough target of start of production in about three years" on the company's ...

  • (Xinhua)2017-11-08 10:56

    BEIJING -- China's reform on value-added tax (VAT) has reduced taxes for enterprises by more than 1 trillion yuan (about $150.6 billion) since its nationwide launch in May last year. By the end of September this year, the reform saved 1.06 trillion yuan of taxes for business owners, which replaced b...

  • By Shi Jing In Shanghai(China Daily)2017-11-08 07:45

    The new free port within the China (Shanghai) Pilot Free Trade Zone in Shanghai will focus on the development of offshore trade and finance, industry insiders said, adding that the plans are now gathering speed.China Securities Journal, the official newspaper of Xinhua News Agency, said on Monday th...

  • (China Daily)2017-11-08 07:10

    Services trade rises in first nine months Trade in services surged in China by 8.8 percent year-on-year to 3.44 trillion yuan ($518.7 billion) between January and September, the Ministry of Commerce said on Tuesday. In the first nine months, trade in emerging sectors' services totaled 1.05 trillion ...

  • By Zhong Nan In Beijing And Chen Weihua In Washington(China Daily)2017-11-07 08:13

    Treaty would provide protection for both countries' investment Despite US President Donald Trump's lambasting of a variety of trade deals, experts believe that a Bilateral Investment Treaty (BIT) between China and the United States could still be concluded in the coming years. China and the US accel...

  • By Chen Weihua(CHINA DAILY)2017-11-07 07:17

    Workers install wiring in an electric bus at a BYD factory in Lancaster, California, in September 2016. ZHANG CHAOQUN/XINHUATreaty would provide protection for both countries' investment Despite US President Donald Trump's lambasting of a variety of trade deals, experts believe that a Bilateral Inve...

  • (Xinhua)2017-11-06 16:50

    BEIJING — With increasing international challenges, including fragmentation in free trade arrangements, China has always been vigorously promoting a regional free trade pact in the Asia-Pacific that is open, inclusive and beneficial to all. China has on many occasions called for attentions to the ...

  • (China Daily)2017-11-06 08:33

    In a move to implement the country's pledge to expand economic opening-up to benefit the global trade system, the first China International Import Expo is to be held in Shanghai in November next year. The expo is an important action by the Chinese government to further open up the domestic market a...

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