(Yicai Global) Nov. 20 -- Shanghai Free Trade Zone is opening doors for more cross-border business in China. The special economic zone has reduced its restrictions on certain sectors down to 45 items this year from the original 190. Almost 9,000 foreign-funded firms have set up offices in the FTZ, logging over USD110 billion in contracts, as of by June.
The FTZ hosted a signing ceremony of the Shanghai Free Trade Zone Expansion and Further Opening-Up Measures in China Shanghai Pilot Free Trade Zone.
A truck completed paperless customs clearance in Shanghai Waigaoqiao Free Trade Zone.
A screen at Shanghai E&P International tracks international trade.