(MENAFN) The Shanghai Free Trade Zone (FTZ), with an area of 120 square km, has generated 42.9 percent of the total import and export of the municipality in the first 10 months.
According to the Shanghai Customs, over 19,000 new enterprises have been registered since the FTZ was founded five years ago, bringing the total number to 28,000.
The total import and export volume during the cited period in the Shanghai FTZ has reached USD174 billion, up by 5.8 percent year on year.
The Shanghai FTZ was China's first pilot FTZ set up in 2013. Since then, China has set up a total of 12 FTZs, with the latest addition being the island province of Hainan, the country's largest FTZ.
€ƒ
MENAFN2811201800450000ID1097756650
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.