In USA Foreign Trade Zones have been a non-starter, to benefit huge business like Boeing. In China they have implemented one so-called Free Trade Zone in Shanghai, and have announced three more.
USA should study the same.
Feel free to forward this by email to three of your friends.
New projects likely to be located in Guangdong, Tianjin and FujianChina plans to launch three new pilot free trade zones to test greater opening-up and tap the economy's huge potential to hedge against mounting downward pressure next year.The gold standard of Free Trade Zone currently is Hong Kong. None of these Chinese "free trade zones" approach hong Kong as to freedom, but they do represent liberalization, and a means to soften the blow of the coming debacle.
The new zones will be set up at sites in Guangdong and Fujian provinces and in Tianjin, a State Council executive meeting decided on Friday, a year after the pioneering China (Shanghai) Pilot Free Trade Zone was set up.
USA should study the same.
Feel free to forward this by email to three of your friends.
0 comments:
Post a Comment