Shanghai Lingang Special Area ‘a paradise’ for foreign investment


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After three years of operation, the Lingang Special Area of China (Shanghai) Pilot Free Trade Zone along Shanghai's southeastern tip has been deemed an unparalleled paradise for foreign investment. The new zone, which covers an area of 119.5 square kilometers, aims to take a series of broader measures to facilitate free trade, investment, finance, and talent, as well as to improve the business climate for foreign investors in China. According to the area's 14th Five-Year Plan (2021-2025), it aims to establish a frontier of industrial clusters by attracting more innovative and high-tech enterprises in areas such as integrated circuits (IC),...