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Monday, April 30, 2018
FTZ's increase in imports-exports lower than increase in registered companies' added value
ANBOUND

Statistics show that in 2017, a total of more than 50,000 newly-registered enterprises were registered in the Shanghai Free Trade Zone, and actual foreign investment and foreign trade import and export accounted for over 40% of the city's total. However, the Shanghai Free Trade Zone's exports in 2017 only increased by 3%, which is in stark contrast to the newly increased businesses. In 2017, the value-added of registered enterprises in the Guangdong Pilot Free Trade Zone increased 43.4% year-on-year to RMB 203.062 billion, with the foreign trade import and export volume of the Free Trade Zone reached RMB 989.79 billion, an increase of 4.81% year-on-year. Obviously, the increase in imports and exports was lower than the increase in registered companies' added value.

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