{"id":5353,"date":"2023-11-28T13:05:28","date_gmt":"2023-11-28T13:05:28","guid":{"rendered":"https:\/\/thewealthcircle.com\/?p=5353"},"modified":"2023-11-28T13:42:56","modified_gmt":"2023-11-28T13:42:56","slug":"shanghai-free-trade-zone","status":"publish","type":"post","link":"https:\/\/kiiky.com\/wealth\/shanghai-free-trade-zone\/","title":{"rendered":"What Is The Shanghai Free Trade Zone? Its Effects, and Pros and Cons","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

The China (Shanghai) Pilot free Trade Zone (FTZ) is the first of its kind in China. It was established in 2013 and has been a leader in the nation’s reform and adaptation of modern global economic trends. <\/p>\n\n\n\n

Since its inception, the Shanghai Free Trade Zone has worked to facilitate trade and investment in the country. <\/p>\n\n\n\n

Statistics<\/a><\/strong> show that as of the end of June 2020, over 12,000 newly established foreign enterprises, including Siemens, Itochu Corporation, and Porsche Finance Lease Co., Ltd have set up operations there.<\/p>\n\n\n\n

These enterprises are the biggest beneficiaries of the zone’s efforts to reform and open-up.<\/p>\n\n\n\n

More so, The Shanghai Free Trade Zone ranks first overall amongst China’s Free Trade Zone in terms of institutional reforms. <\/p>\n\n\n\n

So, in this article, you will get to know more about the free trade zone – Shanghai. And its effort in promoting government functions and improving the economy of China. <\/p>\n\n\n\n

Below is a table of content to guide you through this reading. <\/p>\n\n\n\n

Table of contents<\/h2>