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Shanghai FTZ portends push to greater reform

By Du Juan in Boao, Hainan | China Daily | Updated: 2014-04-12 07:04

Shanghai FTZ portends push to greater reform

The establishment of the China (Shanghai) Pilot Free Trade Zone marks a major strategy for China to push reforms, innovation and economic development through further opening-up, said senior government officials and experts during the 2014 Boao Forum for Asia.

Long Yongtu, secretary-general of the Boao Forum and former vice-minister of foreign trade and economic cooperation, said on Friday that the Shanghai FTZ will further develop the investment and financial system.

"China is accelerating its system reform through opening-up in the FTZ. The focus is not trading this time but trade facilitation, which requires the Shanghai FTZ to be more innovative in investment and financial systems," he said.

Shanghai FTZ portends push to greater reform

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