Trade zooms past city鈥檚
Print Edition
TRADE in the Shanghai free trade zone has grown more quickly than that of the city in the zone’s first year of operations as it gained the most from reforms.
A year after the FTZ was inaugurated in September 2013, its trade value totaled 747.5 billion yuan (US$122 billion), accounting for 26.4 percent of Shanghai’s total trade value, data from Shanghai Customs showed last week.
That was a 6.5 percent gain from the combined trade value a year earlier of the four areas — Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone — that form the FTZ.
Over the same period, Shanghai’s total trade grew 4.5 percent.
Exports in the zone added 10.3 percent year on year to 196.5 billion yuan during the period, while imports rose 5.2 percent to 551 billion yuan.
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