Trade free zone china
23 Sep 2013 [UPDATED] China Reportedly Lifts Ban On Facebook In The Shanghai Free- Trade Zone, But Continues Crackdown On Internet Freedom. Since establishing the first China Free Trade Zone in Shanghai in 2013, Chinese authorities have moved swiftly to establish a further 10 zones, with even more planned. Although the Shanghai Free Trade Zone is now fairly well known among foreign companies, awareness of the other zones is still relatively low. Free trade zones in China are a specific class of special economic zones; an area where goods may be landed, handled, manufactured and re-exported without intervention of the customs authority. China’s first Free Trade Zone opened in Shanghai in 2013 and was seen as a milestone in doing business in China. On 22 August 2013, the State Council approved the establishment of the zone. Officially launched on 29 September 2013 with the backing of Chinese Premier Li Keqiang, it is the first free-trade zone in mainland China and covers an area of 240.2 square kilometres (92.7 sq mi).
Since establishing the first China Free Trade Zone in Shanghai in 2013, Chinese authorities have moved swiftly to establish a further 10 zones, with even more planned. Although the Shanghai Free Trade Zone is now fairly well known among foreign companies, awareness of the other zones is still relatively low.
On 22 August 2013, the State Council approved the establishment of the zone. Officially launched on 29 September 2013 with the backing of Chinese Premier Li Keqiang, it is the first free-trade zone in mainland China and covers an area of 240.2 square kilometres (92.7 sq mi). The Tianjin Free Trade Zone opened up in 2015 and is one of the biggest FTZs in China, spanning over 120 sq.km. The FTZ serves an important purpose as it’s the only FTZ in Northern China and built to coordinate the development of Beijing, Tianjin, and Hebei. As a free trade zone implies, it is more “Free”. But not completely. The corporate tax rate is 16.5% tax – equaling a Hong Kong Limited company. Sure, it is the same- but comparing that to traditional (normal) Chinese companies – that is about half of the average 30 or so percent corporate tax (depending on variables). On August 26, China announced it will be expanding pilot free trade zones (FTZ) to six new provinces across the country. These are Jiangsu, Shandong, Hebei, Heilongjiang, Guanxi, and Yunnan. These are Jiangsu, Shandong, Hebei, Heilongjiang, Guanxi, and Yunnan. Free trade zones (FTZs) are a specific type of special economic zone (SEZ) where goods can be imported, handled, manufactured, and exported without direct intervention from Customs. They play an important role in modernizing China’s business landscape and serve as areas where authorities can experiment with pro-business regulations.
The establishment of pilot free trade zones represents China's major move to adopt a more proactive strategy of opening up in line with the new trend of global economic development. The State Council has so far approved pilot free trade zones (FTZs) for Shanghai, Tianjin, Guangdong, Fujian, Liaoning, Zhejiang, Henan, Hubei, Chongqing, Sichuan, Shaanxi, Hainan, Heilongjiang, Hebei, Shandong, Jiangsu, Guanxi and Yunnan.
The China (Shanghai) Pilot Free Trade Zone (SPFTZ) founded one year ago is a trial for China's new round of reform and opening out, which has promised 3 Sep 2019 Sponsored: China's accelerated steps on free-trade zone development will help to protect their economy from continuing trade conflicts, say Trade Zone? On 29 September, 2013, the Chinese government formally established the. China (Shanghai) Pilot Free Trade. Zone (“SH PFTZ”) in Shanghai,
Shanghai free-trade zone. Shanghai free-trade zone (FTZ) is the first Hong Kong-like free-trade area in mainland China. The Shanghai FTZ will first span 28.78 square kilometres in the city's Pudong New Area, including the Waigaoqiao duty-free zone and Yangshan port and it is believed it may eventually expand to cover the entire Pudong district,
In this issue of China Briefing magazine, we examine China's four Free Trade Zones and discuss the differences and strengths that exist in each of them.
Foreign-Trade Zones (FTZ) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States' version of what are known internationally as free-trade zones.
23 Feb 2015 Since September 2013 China has been operating a new form of free trade zone based in a small area of Shanghai. This column describes the 26 Jun 2017 In 2017, the Chinese government approved the creation of the Liaoning Free Trade Zone. It is made up of three sectors, Dalian, Shenyang and 23 Jun 2017 Historically, before the China Free Trade Zones (FTZ) popped up, starting with Shanghai in 2013, Hong Kong was the default gateway for 3 Oct 2013 A new enterprise zone could spark wider market reforms—but only if bureaucrats ease their grip. 23 Sep 2013 [UPDATED] China Reportedly Lifts Ban On Facebook In The Shanghai Free- Trade Zone, But Continues Crackdown On Internet Freedom. Since establishing the first China Free Trade Zone in Shanghai in 2013, Chinese authorities have moved swiftly to establish a further 10 zones, with even more planned. Although the Shanghai Free Trade Zone is now fairly well known among foreign companies, awareness of the other zones is still relatively low.
Free trade zones (FTZs) can have a significant impact on a country's trade and economic outlook. Designating FTZs within a nation can boost imports and 23 Jul 2018 Hong Kong and Singapore are the models for China's planned Free Trade Ports in Hainan and Shenzhen. But if the Pilot Free Trade Zones Following the model of the Shanghai Free Trade Zone, established in 2013, China anticipates opening seven new free trade zones (FTZs) in the coming year, 8 Oct 2013 Shanghai's new free trade zone promises to be a testing ground for China's economic reform, but its innovations should be assessed over time, 24 Sep 2013 Pudong District in Shanghai is hoping to get a boost by becoming a free-trade zone. REUTERS/Carlos Barria Anonymous Chinese government 28 Sep 2014 One year after the launch of the Shanghai free-trade zone, promoted as a landmark effort to remake China's economy, the project has