国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Opinion / Op-Ed Contributors

Shanghai FTZ has inbuilt advantages

By Mei Xinyu (China Daily) Updated: 2013-10-22 08:11

After the US lifted its embargo following former president Richard Nixon's visit to Beijing in 1972, China began learning from Western examples. The establishment of a series of special economic zones was part of the lesson China learned, which has now prompted it to set up the Shanghai free trade zone (FTZ).

The FTZ demonstrates China's determination to build Shanghai into a global economic hub. The FTZ is aimed at helping develop industries by promoting free and convenient trade, and acting as a transit point for trade. The zone is also expected to liberalize the service sector, including financial innovations like offshore financial services. In short, the Shanghai FTZ is expected to set an example for other Chinese cities on how to facilitate free, unfettered trade.

Shanghai FTZ has inbuilt advantages

An enterprise representative shows the business registration he just received at the service lobby of Shanghai Free Trade Zone (FTZ) in Shanghai, east China, Oct 14, 2013. The newly-launched Shanghai pilot free trade zone (FTZ) started offering enterprise registration service recently. [Photo/Xinhua]

But people have to realize that the FTZ is not aimed at yielding short-term gains. This is important because after Premier Li Keqiang talked about the dividends of reform, many investors, especially in the financial and realty sectors, started speculating about making easy money thanks to the changes in regulations. Their dream of making easy money was even echoed by some media outlets, which construed that capital programs would be thrown open and the yuan would float freely in the FTZ.

Anybody with even a basic knowledge of economics would know how ridiculous these speculations are. Free flow and exchange of the yuan is impossible unless the Shanghai FTZ has its own currency, which China will never consider because it's akin to the country committing economic suicide.

Instead of changing rules frequently, as many speculators have dreamt, the FTZ should concentrate on building a firm base for the real economy and offer entrepreneurs a stable, promising environment. The biggest advantage of the Shanghai FTZ, as well as the key to its success, lies in transit trade of goods.

Previous Page 1 2 Next Page

New type of urbanization is in the details
...
肃宁县| 京山县| 平安县| 海淀区| 新巴尔虎右旗| 永靖县| 米林县| 永宁县| 阿勒泰市| 和静县| 贵州省| 镇平县| 余姚市| 五原县| 安国市| 靖远县| 盐边县| 通城县| 兴安盟| 高陵县| 广丰县| 静海县| 陆河县| 磴口县| 宜良县| 曲阜市| 威宁| 云南省| 宁国市| 应用必备| 梁河县| 涡阳县| 墨脱县| 吉安县| 洛扎县| 长岭县| 古浪县| 集安市| 正阳县| 延长县| 门头沟区|