Free trade zones, opening a new era for the prosperity of foreign business in China

30 October 2018, Comments 0

The policy of reform and opening up has been a historic turning point for China, where China has been able in a short time to turn from a poor country into the second economy in the world. At the same time, this policy has provided great opportunities for foreign capital from companies and traders to prosper and achieve wealth within China. At present, China is entering a new phase of reform and opening up, with free trade zones being one of its main tributaries. To date, China has established 12 model free trade areas, in the form of preliminary experiments, which will be gradually followed up throughout the country.

China’s free trade zones will open a new era for foreign companies and foreign businessmen to develop business and profits within China. Especially through the availability of these areas of policies and incentives to facilitate the investment and work of foreign capital in China. Including the lifting and deregulation of investment, national treatment and the Green Card. What are the free trade zones of China? What are their future plans? What are their policies on foreign capital? What are the new opportunities awaiting foreigners in China?

Shanghai Region: Shanghai Free Trade Zone was established in September 2013 and covers an area of ​​120.72 square kilometers. It consists of 7 regions, namely: Wai Qatchiao, which focuses on wine, clocks, automobiles, construction machinery, medicine, bio-medicines, health products, cosmetics and others; the Yao Gao Qiao logistics park, one of the world’s most important logistics bases, The central area for the development of air freight business in Shanghai, and combines the industries of telecommunications, electronic products, cars and parts, high-quality food and others; Pudong Airport area, which focuses on electronic products, The Lujia Tzui Financial Zone, which seeks to establish a financial system that meets international standards, as well as the development of modern service systems for the headquarters economy, and the promotion of investment facilitation and trade liberalization; the Jinqiao Machinery Industry Zone, which will specialize in 4 major industries , she

The Shanghai Free Trade Area is reducing or eliminating investment restrictions on foreign investors, according to the negative list system. It also allows applicants to apply for a Chinese Green Card for permanent residence.

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