Shanghai has unveiled a comprehensive action plan to boost its service sector in the coming year, with a strategic goal of it comprising more than 60 percent of the city's total retail sales by 2035.
Shanghai aims to make company registration services more convenient, precise and smart so that more investment can be attracted to the city, officials from the Shanghai Administration for Market Regulation said at a news briefing on Feb 26.
Shanghai must put in place interactive, intelligent, and green consumption models as the city's efforts to build itself into an international consumer hub quickly gather pace, experts said.
The Shanghai branch of the State Administration of Foreign Exchange issued a notice on Jan 23, launching a pilot program for the high-level opening-up of cross-border trade and investment.
The National Immigration Administration announced on Jan 11 five optimized visa measures to facilitate the entry of foreign nationals into China for business, education and tourism purposes, including one that said foreigners who need to visit China urgently can apply for a port visa on arrival.
Shanghai, a city on the path to becoming an international hub for science and technology innovation, has witnessed a remarkable surge in the establishment of foreign-funded research and development centers over the past three years.
The Hongqiao International Central Business District has announced a comprehensive three-year action plan aimed at fostering the development of a complete Silk Road e-commerce supply chain.
China has relaxed its restrictions on preliminary expense remittance in outbound direct investment projects, as part of its reform efforts to facilitate cross-border investment, the State Administration of Foreign Exchange said.
