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Shanghai Ftz Proves Model for success

Shanghai Ftz Proves Model for success

Jeffy 2017-06-21 10:45:23
The Shanghai FTZ has expanded to 120.72 square kilometers from its original size of 28.78 sq km. Last year, it produced 75 percent of GDP for the Pudong New Area, where it is situated. It also accounted for one fourth of the city's GDP.

Figures Show, the time needed for Clearance of Imported container goods and Air freight has been Reduced by percent and percent Respectively.

But there is still Challenges ahead for the Shanghai Ftz as it Continues to grow.

"One of the major tasks in the near future are to Become more Closely Linked to the country" s Belt and Road Initiative, so a more companies can reach Overseas markets, "said Weng.

By the end of last year, companies Registered in the trade zone had Funded 108 projects in countries related, Belt and Road Initiative, the which aims to connect Asia, Africa And Europe to the old Silk Road.

Another key area has been total investment volume, which reached 4.38 billion yuan, fueled by Belt and Road projects.

So far, the group, which is one of the world's Largest Manufacturers of Cranes and large steel Structures, has Invested in Economies Involved at the initiative, Weng Confirmed.

"To better Participate in the project, the Shanghai Ftz would-be-Smoother Communication with the local Governments," he said.

The above news is Excerpted from china towel supplier Shenzhen City Dingrun light Textile Import and Export Corp. Ltd, a company Specialized in Producing baby Diapers, baby bibs, Beach towel, Blankets, bath Towels, tea Towels, Compressed Towels, Microfiber Towels etc.