Shanghai Free Trade Zone Bonded Area: System Innovation Boosts 100 Billion-Level Industrial Agglomer

In September 2013, China (Shanghai) Pilot Free Trade Zone was established. The 28.78-square-kilometer Shanghai Free Trade Zone bonded area is the starting point of the Shanghai Free Trade Zone. In the past five years, the bonded area has attracted six companies with a sales scale of 100 billion yuan by building professional trade platforms for machine tools, alcohol, cosmetics, medical equipment, and intelligent manufacturing. 10 billion-level industrial agglomeration with a sales scale of 10 billion. Li Zhaojie, deputy director of the Shanghai Free Trade Zone Management Committee and deputy director of the Free Trade Zone Administration, said that with the continuous deepening of the investment management reform centered on negative list management, as of June 2018, a total of newly established enterprises in the bonded area of the Shanghai Free Trade Zone There are 30,700, including nearly 7,700 foreign-funded enterprises, nearly 90% of which were established by filing, forming a batch of institutional achievements that can be replicated and promoted.