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SKF Group opens distribution center in FTZ
By Yang Jian |
June 10, 2014, Tuesday
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Online Edition
Online Edition
THE world's leading ball bearing maker today opened a distribution center in the China (Shanghai) Free Trade Pilot Zone.
Sweden-based SKF Group launched its North East Asia Distribution Center in Waigaoqiao in the Pudong New Area.
The center will be able to process 510,000 orders annually.
The People’s Bank of China has eased restrictions on overseas investment for individuals by allowing those working in the zone to open an account for overseas investment.
Over 7,200 companies have registered thus far in the free trade zone, including 584 foreign businesses.
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