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China's Pilot Free Trade Zone: Shanghai Free Trade Zone and the Potential Future of Free Trade Zones in Mainland China

1.7 International Journal of Law and Legal Jurisprudence Studies 4

25 Pages Posted: 5 Nov 2014 Last revised: 24 Nov 2014

Paul Kossof

Independent

Date Written: November 22, 2014

Abstract

China is the world’s largest exporter and second largest importer. It is the only developing country other than Russia on the list of the world’s top ten exporters. The value of its imports is only about 300 billion USD less than the US’s imports, and over 700 billion USD from the next largest importing country. Despite its tremendous amount of trade, the slowing domestic economy encourages the national government to test new methods of promoting international trade and foreign investment. In 2013, China created the China (Shanghai) Pilot Free Trade Zone to test relaxed trading practices. This article provides an overview of special economic zones and the Shanghai Free Trade Zone. It then analyzes this new free trade zone and its political and economic effects, and offers several suggestions for the future of the Shanghai Free Trade Zone and other potential free trade zones in Mainland China.

Keywords: China, Shanghai Free Trade Zone, SFTZ, China (Shanghai) Pilot Free Trade Zone, Free Trade Zone, FTZ, Economic Development Zone, Special Economic Zone, Industrial Park, High-Tech Park

Suggested Citation

Kossof, Paul, China's Pilot Free Trade Zone: Shanghai Free Trade Zone and the Potential Future of Free Trade Zones in Mainland China (November 22, 2014). 1.7 International Journal of Law and Legal Jurisprudence Studies 4. Available at SSRN: https://ssrn.com/abstract=2518477 or http://dx.doi.org/10.2139/ssrn.2518477

Paul Kossof (Contact Author)

Independent ( email )

No Address Available

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