The president visited the Free Trade Area (ZCL) Pilot in Shanghai China and said the decision to build the area was an important step in the reform and opening up in modern times
Chinese President Xi Jinping called on Shanghai promote reform, pursue scientific development and improve competitiveness. Xi made the remarks during his inspection to Shanghai from Friday to Saturday after attending the Conference on Interaction Measures and Confidence Building in Asia. The president visited the Free Trade Area (ZCL) Pilot China (Shanghai) and said the decision to build the area was an important reform and opening up has happened in modern times.
It was reported on Friday afternoon that more than 16,000 companies with 280,000 employees have entered the area in the past eight months, it has experienced transparency in investment management, convenience in trade, financial innovation and reform of government administration. The President emphasized that the ZCL in Shanghai is a great driver that needs careful management. Management should combine structural reform and exploration of new methods while controlling risks and makes improvements gradually.
Source: Xinhua News Agency of China
traslation: Belém Zapata