China issues overall plan for new area of Shanghai FTZ

<p style="text-align: left;">China&#39;s State Council, or the cabinet, has issued an overall plan for the new Lingang area of the China (Shanghai) Pilot Free Trade Zone.</p><p style="text-align: left;">According to the plan, the new section will match the standard of the most competitive free trade zones worldwide and implement opening-up policies and systems with strong global market competitiveness.</p><p>The new area will facilitate overseas investment and capital flows and realize the free flow of goods, according to the plan.</p><p style="text-align: left;">The area will be built into a special economic function zone with global influence and competitiveness, to better serve the country&#39;s overall opening-up strategy, it says.</p><p><br/></p>