Shanghai FTZ grows in size, ambitions as it pursues breakthroughs in trade & finance
Lahore, Aug. 22 -- The China (Shanghai) Pilot Free Trade Zone (FTZ) on Tuesday added a new area that occupies 119.5 square kilometers of Lingang in the southeastern part of the city. Chinese analysts said the addition, which nearly doubled the size of the Shanghai FTZ, will bring vigor and confidence to the region. The Lingang Special Area occupies a pivotal geographic position, which enjoys the advantage of being easily accessed by air, sea and rail through its proximity to Shanghai Pudong International Airport, the Yangshan Port and a planned high-speed railway. Yangshan Port is the world's top container port. The area's inauguration was on Tuesday, but the approval by the State Council, China's cabinet, was made public earlier in August....
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