您的位置：上海翻译公司>翻译资讯>Shanghai free-trade zone may be extended to cover Pudong

Shanghai free-trade zone may be extended to cover Pudong

Central government plans to first focus on specific areas for the scheme amid concern about financial industry risks and hot money inflows

The Pudong financial district, as seen from Shanghai Tower, is set to be transformed by plans for the citys free-trade zone

The central government may eventually expand its proposed Hong Kong-like free-trade zone in Shanghai to cover the entire Pudong district, government sources say.
Late last month, Beijing approved the mainland’s first such zone, which will span 28.78 square kilometres in the Pudong New Area, including the Waigaoqiao duty-free zone and Yangshan port.
The entire Pudong district covers 1,210.4 sq km.

28.78

Government sources familiar with the plan told the South China Morning Post that the government initially considered declaring that the new free-trade zone would take in all of Pudong.
“Officials and scholars discussed the possibility of making the entire Pudong New Area a new free-trade zone,” said one of the sources, referring to the official name of the district.
They later agreed to focus on smaller areas within the district as they wanted to make sure that the launch would be smooth and successful, said the source, who declined to be named because of political sensitivities.
The Post exclusively reported on Tuesday that the Shanghai free-trade zonewould be launched on September 27, when senior central government officials will visit the city for a ceremony to mark the occasion.
It is understood that Premier Li Keqiang personally endorsed the plan to launch the zone in Shanghai, rather than in Tianjin or Guangdong, which had also lobbied for the central government’s approval.
“The reason why the top leaders agreed to launch the free-trade zone first in specific parts of Pudong was mainly because of financial industry risks related to offshore banking and concerns about hot money inflows,” a government source said.
The Post reported in July that Beijing would allow foreign banks to set up wholly owned units in the zone, mainland banks could offer offshore banking business and foreign commodities exchanges and trading companies could own their warehouses there.
“You need to make sure if those risks happen, you can get them under control. From that perspective, Pudong is way too big and it would be far more difficult to control such potential risks than to deal with just several specific parts of Pudong district,” the source said. “But it’s always a good option to expand further to cover all of Pudong if the free-trade zone can be worked smoothly in its early stages.”
In early 1990, the central government announced the Pudong New Area – covering the eastern side of Shanghai’s main Huangpu River – as its newest special economic zone following the success of the Shenzhen zone. The decision to launch Pudong New Area was partly motivated by Beijing’s need to overcome difficulties in attracting foreign investment after the Tiananmen incident in 1989.
The Pudong New Area won direct support from Deng Xiaoping, then the top leader on the mainland, who later said he should have launched economic reforms in Shanghai even earlier.
Nowadays, Pudong is regarded as China’s Wall Street, where many Fortune 500 companies and international banks have their regional headquarters.

Tags: Shanghai free-trade zone Shanghai Pilot Free Trade Zone

新浪微博腾讯微博和讯微博 Facebook Twitter Myspace linkedin MSN 邮件分享

上一篇： Shanghai’s free trade zone raises hopes
下一篇： China approves pilot free trade zone in Shanghai

其他新闻

2008年3月7日布什谈论经济原文及MP3资料

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
PresidentBushDiscussesEconomy 　　THE PRESIDENT: Earlier today I spoke with members of my economic team. They updated me on the state of our economy. This morning we learned ...
3月29日美国总统每周电台发言原文资料及现场MP3

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
PresidentsRadioAddress 　　THE PRESIDENT: Good morning. Its not every day that Americans look forward to hearing from the Internal Revenue Service, bu...
2008年3月13日布什精彩演讲原文及MP3资料

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
PresidentBushDiscussesFISA 　　THE PRESIDENT: Last month House leaders declared that they needed 21 additional days to pass legislation giving our intelligence professionals ...
4月3日布什出席北大西洋峰会讲话原文及MP3

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
PresidentBushAttendsNorthAtlanticCouncilSummitMeeting 　　THE PRESIDENT: Mr. Secretary General, President Basescu, thank you all very much. For nearly six decades the NATO Alli...
3月31日布什前往大西洋公约组织会议讲话及MP3

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
PresidentBushDepartsforNATOSummit 　　THE PRESIDENT: Good morning. Laura and I are on our way to a very important NATO summit, and members of the United States Congress are o...
2008年3月14日布什精彩演讲原文及MP3资料

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
PresidentBushVisitstheEconomicClubofNewYork 　　THE PRESIDENT: Glenn, thanks for the kind introduction. Thanks for giving me a chance to speak to the Economic Club of New Yor...
4月5日布什会见克罗地亚总统讲话原文及MP3

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
<P class=0 style="LAYOUT-GRID-MODE: char"><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 12pt; COLOR: rgb(0,51,153); FONT-FAMILY: 'Arial'; mso-spacerun: 'yes...
4月1日布什与乌克兰总统尤先科会谈原文及MP3

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
PresidentBushParticipatesinJointPressAvailabilitywithPresidentViktorYushchenkoofUkraine 　　PRESIDENT YUSHCHENKO: (As translated.) Dear Mr. President, excellencies, ladies and ...
3月15日美国总统每周电台发言原文及现场MP3资料

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
President'sRadioAddress 　　THE PRESIDENT: Good morning. On Friday, I traveled to New York City to talk about the state of our economy. This is a top...
4月5日美国总统每周电台发言讲话原文及MP3

Notice: Use of undefined constant ‘the_content’ - assumed '‘the_content’' in D:\wwwroot\cnuniwords\wwwroot\wp-content\themes\uniwords\single-translation-news.php on line 47
President'sRadioAddress 　　THE PRESIDENT: Good morning. I'm speaking to you from Europe, where I attended the NATO summit and witnessed the hopeful pr...

语通联系

浦东翻译公司

电话：021-51088600 / 58366833

地址：上海市浦东新区张杨路628号东明广场1号楼23楼B座
静安翻译公司

电话：021-31261886 / 60871628

地址：上海市静安区愚园路172号环球世界大厦2403A