The government of Shanghai plans to build the city into an international hub for shopping and consumption by 2025, aiming to benefit domestic and foreign businesses alike.
Shanghai on Tuesday released its financial development plan for the 14th Five-Year Plan period (2021-25), which envisions the city evolving into a strategic link between the domestic and international markets, against a backdrop of the country implementing its "dual circulation" development paradigm.
China's unwavering efforts to deepen reform and opening-up are set to provide more business opportunities to foreign investors.
The 2021 Shanghai Foreign Investment Guide (hereinafter referred to as the 2021 Investment Guide), which is compiled by the Shanghai Foreign Investment Development Board, is released in both Chinese and English.
Shanghai will launch a detailed plan to promote international trade in the city during the 14th Five-Year Plan period (2021-25), improve overall core competitiveness and advance a new round of opening-up, municipal government officials said on April 8.
China is expanding cross-border e-commerce pilot zones as part of the efforts to provide new impetus to imports and consumption, experts said.
More education institutions, hospitals and cultural facilities will be added to the free trade zone in Shanghai's eastern coast Lingang area by 2035, according to a plan published by the municipal government on March 16.
For multinational corporations grappling with the coronavirus pandemic, China emerged as a silver lining to their balance sheets last year.