2018

2 minutos China is expanding its pilot free trade zones as President Xi Jinping raises the banner of deregulation to lure more foreign capital while the U.S. trade war continues unabated. Xi recently touted plans to expand the Shanghai free trade zone, citing its important role in the country’s more open economy. The government will “support bold and creative steps by Shanghai to advance investment and trade liberalization … so that more of its successful practices may be replicated in other parts of China,” Xi Continue lendo→

1 minuto Hainan Free Trade Zone this week launched 100 construction projects with a total investment of 29.8 billion yuan ($4.29 billion) from local governments and enterprises in and outside of Hainan. A grand ceremony was held in Haikou, the capital city of China’s southernmost Hainan province, on November 28 to mark the commencement of these projects. Located in major cities and counties around the tropical island, the projects include major infrastructure work such as the second-phase Haixiu expressway and the international convention and exhibition Continue lendo→

3 minutos The Creative Economic Council of the Philippines (CECP) wants creative industry clusters to be designated as special economic zones to allow companies to benefit from fiscal incentives. At Tuesday’s Arangkada forum held in Makati City, CECP Founder and President Paolo A. Mercado said the group is pushing for the identification of creative clusters as special economic zones (SEZs) as part of its road map. The CECP is targeting to have one to five creative cluster SEZs established between 2016 to 2020; five to Continue lendo→

1 minuto China’s cabinet on Friday unveiled a variety of measures to deepen reforms in free trade zones (FTZs) and qualified individuals in them will be allowed to invest in overseas securities under relevant rules.  An escalating trade war with the United States this year is threatening to overshadow China’s plan to celebrate 40 years of economic achievements since reforms initiated by former Chinese leader Deng Xiaoping in December 1978.  However, Beijing has said it will push for more reforms and economic opening, but Continue lendo→

1 minuto A Zona de Livre Comércio (ZLC) de Shanghai, com uma área de 120 quilômetros quadrados, gerou 42,9% das importações e exportações do município nos primeiros dez meses deste ano, informaram no domingo as autoridades locais. Os dados vieram dias depois que o Conselho de Estado divulgou uma série de medidas de apoio às ZLC piloto para aprofundar a reforma e a inovação. De acordo com a Alfândega de Shanghai, mais de 19 mil novas empresas foram registradas desde que a ZLC foi fundada, Continue lendo→