Shanghai Free-Trade Zone
free-trade zone in Shanghai, China
Shanghai Free-Trade Zone (Shanghai FTZ or SFTZ), officially China (Shanghai) Pilot Free-Trade Zone, is a free-trade zone in Shanghai, 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). Shanghai FTZ integrates four existing bonded zones in the district of Pudong—Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Comprehensive Free Trade Zone.
Since 21 April 2015, the zone's areas have been expanded to include Lujiazui Financial and Trade Zone, Shanghai Jinqiao Economic and Technological Development Zone (formerly Jinqiao Export Processing Zone) and Zhangjiang Hi-Tech Park. On 6 August 2019, Shanghai FTZ's areas were expanded again to include Nanhui New City (Lingang New City), Lingang Equipment Industry Area, Xiao Yangshan island (Yangshan Port) and the south side of Pudong Airport,collectively forming the Lingang Special Area.
Features
The zone is being used as a testing ground for a number of economic and social reforms. For example, the sale of video game consoles, banned in China since 2000, will be allowed within the zone. While Microsoft had aimed at having its Xbox on the market by late April 2014, it ended up being delayed to 23 September 2014. While selling video game consoles was exclusive to the zone at the time, the ban on video game consoles was later lifted completely in 2015.
The public source identifies “Shanghai Free-Trade Zone” as free-trade zone in Shanghai, China. This brief keeps that definition visible, then builds a research path around Shanghai, Free-Trade and Zone.
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This entry incorporates text from “Shanghai Free-Trade Zone” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.