Ahead of Trade Talks, Shanghai Announces New Warehouses


Photo: Eastday.com

Three warehouses covering 50,000 square meters will be built in Shanghai’s Hongqiao District as the city prepares to host the second annual China International Import Expo in November.

Scheduled to be completed in August, the warehouses will be located in an area called the Hongqiao Hub and are expected to help facilitate the trade of foreign products, local authorities said at a press briefing Thursday.

On Wednesday, the White House press secretary announced that US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Shanghai next week in hopes of improving the fraught trade relationship between the two countries.