Finding new bearings for development

Shanghai unit to play key role in the sustainable growth plans of Swedish firm

While architects of the China (Shanghai) Pilot Free Trade Zone aim to catapult the city to the forefront of global financial, trade and logistics centers, they may never have expected to welcome a like-minded enterprise so soon.

On June 10, just months after the pilot zone took off, SKF Group, the world's largest ball bearing maker, launched its North East Asia Distribution Center in the Waigaoqiao bonded zone, an integral part of the FTZ.