Shanghai Free-Trade Zone doubles in size
- Published on: Monday, September 16, 2019
- Read the full story: https://sc.mp/94bce
Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube
The Chinese government has formally expanded the Shanghai Free-Trade Zone (FTZ) to include the city’s Lingang area, which is home to US carmaker Tesla’s first overseas plant.
The move has attracted 11 billion yuan (US$1.55 billion) worth of investment as of September 12, 2019, Chinese state media reported.
The expansion of the free-trade zone was described as being part of Beijing’s efforts to further open up the country’s market and deepen economic reforms.
Follow us on: