Premier Li Keqiang pushed through a bid to open a landmark plan for a free-trade zone in
Shanghai. The trail will be launched in Shanghai's Pudong New Area (Waigaoqiao
port, Yangshan Deep-Water Port and Pudong International Airport) as early as
the end of this year. The "free" in Free Trade Zone means:
Free to export and import: No tariff barrier or non- tariff
barrier; All the cargos conforming to international practice can enter the free
trade zone without limitation.
Free to invest: No restraint of trade or operation because of the
countries.
Free to exchange: Free to exchange currency; Free to inflow and
outflow; Free to transfer; Free to operate; No national treatment or non-
national treatment.
