A springboard for growth
Pioneering innovations
Such pilot innovations have been crucial to the development of the China (Shanghai) Pilot Free Trade Zone, which was launched 10 years ago to drive institutional innovation and the country's opening-up efforts.
Another 19 free trade zones and one free trade port have been set up in China since the establishment of the Shanghai FTZ, and they have together created 302 institutional measures that have been adopted across China. Nearly half of these measures, or 145 of them, were first experimented at the Shanghai FTZ.
The negative list mechanism for foreign investment first implemented in the Shanghai FTZ is one of the most significant institutional breakthroughs made over the last decade. While 190 sectors were included in the first version of the negative list in 2013, the number has dwindled to a mere 27 in the latest version.
