China's Ministry of Culture published a couple of readjustments on policies regarding the cultural sector in the pilot free trade zone in Shanghai.
Shanghai could learn a lot from Hong Kong on how to develop a free trade zone, especially its low taxation system, the rule of law and ways to attract foreign talent.
The yuan will be fully convertible in the Shanghai Free Trade Zone, a development that puts it in a better position to become a global currency.
Shanghai appears to have the chance of pioneering China's next phase of opening-up and reform.
Further opening the service industry to foreign capital will be one of the key missions for the Shanghai free trade zone.
The free trade zone in Shanghai will be officially launched with a series of innovative tax policies, according to a reliable source, the National Business Daily reported on Wednesday.
The free trade zone "craze" on the Shanghai Stock Exchange reached a fever pitch on Friday, giving the market a slight boost despite the lackluster performance of other sectors.
Companies backed by foreign capital operating in Shanghai's new free trade zone may be able to do more types of business than were previously open to them.
a draft plan to suspend certain laws in the Shanghai Free Trade Zone will be submitted for the approval of the National People's Congress.
Shenzhen is set to launch a free trade zone on a pilot program as it has released detailed plans for a tariff-free zone for exports and imports.
Tianjin - a port city in North China with a population of more than 14 million - may become the country's second pilot free trade zone, after Shanghai received approval last week.
Approval for a free trade zone in Shanghai on Wednesday has both inspired confidence and added a sense of urgency in some other coastal cities.
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