Shanghai in No.5 spot among financial hubs
Shanghai will likely surpass Singapore as the world’s fourth-largest financial hub within three years, based on the metrics of a recent ranking of global financial centers that put the city in the fifth position, thanks to its strength in the volume of products and deals, as well as further opening-up, a Chinese analyst said on […]
Shanghai builds CIIE into constant trading platform
Shanghai is currently digging more potential of the China International Import Expo (CIIE), turning the 6-day event into an all-year-round trading platform. The first CIIE attracted 3,617 foreign exhibitors to Shanghai within only 6 days last November, and generated total trading value of $57.8 billion. To sustain the performance, Shanghai opened an import commodity exhibition […]
Shanghai’s instant departure tax refund service lauded by overseas shoppers
The instant departure tax refund service introduced by Shanghai on a trial basis has won applause from the overseas tourists. “Tax can be refunded by stores in cash when shopping in Shanghai. The service is so nice,” lauded Japanese shopper Yanagi Soichiro, who is also the first beneficiary of the pilot service. As a […]
‘Virtual girlfriends’ at heart of WeChat scam
“Mango Girl” was an attractive young woman who had volunteered as a kindergarten teacher in a remote village on tropical Hainan Island. And when a 29-year-old white-collar worker in Shanghai got a message from her on WeChat one night in December, asking him to add her as a contact, he didn’t think twice. That’s according […]
Heads of int’l organizations hail China’s commitment to opening up
Heads of the International Monetary Fund (IMF), World Bank (WB) and the World Trade Organization (WTO) spoke highly of China’s tremendous achievements in reform and opening up on Monday, saying that China’s efforts to expand opening up and safeguard free trade injected strong confidence and development impetus into world economy. They said so when addressing […]
CIIE to build new platform featuring worldwide inclusiveness and reciprocity
The China International Import Expo (CIIE) is bound to inject strong “Chinese energy” into the building of an open world economy especially when the world is threatened by the rising trend of trade protectionism and anti-globalization. The world lays high value and anticipation over the event as it is to be kicked off on Nov. […]
Shanghai rolls out policy package to facilitate trade with ‘Belt and Road’ countries
Shanghai, China’s largest port of entry under the free trade agreement (FTA), has simplified the cargo clearance process for imports from the Belt and Road countries, and explored ways to serve origins of emerging industries, so as to gradually lower the trade costs of the Belt and Road countries on Chinese market. For instance, two […]
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