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Shanghai Pilot Free Trade Zone is the forerunner among forerunners, which you can tell by affordable overseas products, observable innovation and learnable reduplication.

Affordable overseas products

“The price of overseas products is moderate.”

The outlet center of Shanghai Waigaoqiao imported goods is located in the Shanghai Pilot Free Trade Zone, Pudong. Though it is 20 kilometers from downtown, it’s still deemed to be a popular shopping market. The price of 20 thousand kinds of goods from over 60 countries is slightly higher than that in the original country. What attracts consumers most is the seafood from over 20 countries: geoduck from Vietnam, abalone from Australia, arctic shellfish from Canada, Blotchy rock cod from India, Boston Lobster from America and so on.

Photo by Wang Piyi / People's Daily

Kuajingtong is the first cross-border e-commerce trading platform in China. With the help of a network platform, Kuajingtong not only provides the consumers with one-stop shopping guidance and transaction service of overseas goods to create a direct-sale model from warehouse to individuals, but also ensuring the quality of overseas goods and safeguarding the overseas consumption interest of consumers.

Observable innovation

“Keep pursuing innovation and boosting vigour.”

The news concerning Shanghai Pilot Free Trade Zone on the searching engine keeps updating every hour. Since its establishment in September 2013, Shanghai Pilot Free Trade Zone keeps reforming and innovating and pushing forward the authentic freedom of international trade. The shipping logistics is the industry that has benefited most since the operation of the Shanghai Pilot Free Trade Zone. Shanghai Changlian International Logistics Company is a registered enterprise in the Shanghai Pilot Free Trade Zone. The CEO of the company, Mao Yinghua, introduced that through Changlian logistics service; the multinational companies can first store their goods in the Shanghai Pilot Free Trade Zone. If they need to enter the Chinese market, they will then execute the custom procedures. If they needn’t enter the Chinese market, they can store their goods temporarily without paying customs and then deliver to overseas.

The free exchange of RMB is always a heated subject in the Shanghai Pilot Free Trade Zone. Now, by the free trading account in Shanghai Pilot Free Trade Zone, the free exchange of domestic currency and foreign currency can be realized.

Learnable reduplication

The trial results of Shanghai Pilot Free Trade Zone can be reduplicated.

Several provinces in China have already promoted the reform and innovation achievement in the Shanghai Pilot Free Trade Zone. They learn the reform and innovation achievement in the Shanghai Pilot Free Trade Zone on aspects like further streamlining administration and delegating power to the lower levels, speeding up system and mechanism innovation, investment management of foreign businessmen and trade supervision.

After a 22-month operation, the Shanghai Pilot Free Trade Zone has generally developed a set of operation rules in line with international norms and founding offices in Los Angeles, London, Frankfurt, Gothenburg, Osaka and Tokyo in advance, to strengthen the overseas information communication. The suggestion and advice from the international market will also feed back to the Shanghai Pilot Free Trade Zone through overseas offices, providing investors with zero-jet-lag policy services.