Shanghai Free Trade Zone

The Shanghai Free Trade Zone (FTZ) is a specially designated area in Shanghai where government rules are more relaxed to encourage international trade, investment, and innovation. It simplifies customs processes, allows for easier business setup, and promotes financial flexibility. The goal is to attract foreign companies, boost economic growth, and serve as a testing ground for new economic policies before they are applied nationwide. Overall, the FTZ aims to make Shanghai a more open and competitive hub for global business.