China Expands Shanghai FTZ to Attract More Hi-Tech Firms

August 16, 2019 | BY

Marilyn Romero

The newly incorporated Lingang New Area into Shanghai’s Free Trade Zone, will offer investors tax cuts, duty exemptions and other preferential policies.

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Shanghai FTZ

China’s State Council has agreed to expand the Shanghai Free Trade Zone, or FTZ, by transforming the Lingang New Area into a special economic functional zone with international market influence and competitiveness by 2025. According to the plan, the new area, which will be developed on the southeastern tip of Shanghai to the south of the Dazhi River and Pudong International Airport, will promote more activity in trade, investment, finance, talent development, and information exchange.