Imports, exports are in the zone

Source: Xinhua | 2018-11-27

The Shanghai Free Trade Zone, with an area of 120 square km, generated 42.9 percent of the total imports and exports of the municipality in the first 10 months, local authorities said.

The total import and export volume in the first 10 months in the Shanghai FTZ has reached 1.21 trillion yuan (US$174 billion), up by 5.8 percent year on year.

According to the Shanghai Customs, more than 19,000 new enterprises have been registered since the FTZ was founded five years ago, bringing the total number to 28,000.

The Shanghai FTZ was China’s first pilot FTZ set up in 2013. Since then, China has set up a total of 12 FTZs, with the latest addition being the island province of Hainan.