Preview

China (Shanghai) Pilot Free-Trade Zone

Satisfactory Essays
Open Document
Open Document
380 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
China (Shanghai) Pilot Free-Trade Zone
China (Shanghai) Pilot Free-Trade Zone is a free-trade zone launched in Shanghai, China on September 29, 2013. It is reported that there will be revolutions in finance, social service, cultural service, shipping and professional business services.
There are several characteristics of this FTZ (Free-Trade Zone). Firstly, this FTZ focuses on function innovation and this is different from other bonded areas in China which focus on special policies. Secondly, this FTZ is different from the Singapore Freeport mode. Singapore Freeport mode is characterized by the development of policies and systems in Freeport, including the freedom of trade, finance exchange and shipping. Even though China (Shanghai) Pilot FTZ draws international practice, the main purpose is promoting reform and accumulating experience for reform in nationwide. Last but not least, this FTZ is a national strategy which is not limited to general industry cultivation, investment and economic development. Actually, it intends to improve system of investment management, finance, shipping and trade at multi-levels.
When it comes to the background, it is noticeable that China has become the second largest trading nation in the world since entering WTO. In order to strengthen its status in the trade, America tries to establish another trading organization which excludes China. America established TPP (Trans -Pacific Partnership Agreement) with countries situated around Pacific Ocean and TTIP (Transatlantic Trade and Investment Partnership) with EU. Besides, it set up PSA in the world and has included 21 countries. However, all of theses agreements set China aside and the only way for China to take part in the game is opening three main industries (agriculture, industry, services) in all dimensions. Nevertheless, if China opens the agricultural market, it means the government will bear really heavy financial burden to support local peasants as many agricultural products are priced higher than average level
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    China Trade Act Of 2000 Summary
    • 460 Words
    • 2 Pages

    China Trade Act Of 2000 Summary

    The China Trade Act of 2000 Summary The China Trade Act of 2000 was introduced in Congress to allow free trade with China as with other favored nations. Trade with communist countries was currently allowed only on a year-to-year basis under the Trade Act of 1974, unlike the permanent basis offered other countries. Many members of the business community, and then President Clinton wanted this stipulation lifted once China joined the World Trade Organization, which was forthcoming. This required an act of Congress. Since Republicans typically favor big business, this allied President Clinton (D) with many Republicans and against many members of his own party, as well as labor unions. The president desired to push this bill through before his…

    • 460 Words
    • 2 Pages
    Good Essays
    Read More
  • Best Essays

    White-Centric Propaganda in American History
    • 2636 Words
    • 11 Pages

    White-Centric Propaganda in American History

    While I sit in my US History college course, the only thing I am indebted about is the academically stimulating Professor, who sanctions quality analytical dialogue. If I was required to sit through this class, accepting the fabrications and omissions of the materials, I would have opted for a great amount of “sick days”, along with a lower grade. Upon analysis of the obligatory text, however, I am incessantly reminded of why I so abhorred the subject of history since age ten. I guess I’m just not the type of intellectual, whom likes to be fed a load of bullshit, and then told to swallow it holding a coerced smile, while dutifully citing it as a deliciously satisfying meal of facts. The American history academia is overflowing with emblematic propaganda, heaving with histrionic melodrama, in which teaches pupils to think as simple-minded, white-centric citizens. Here, you will read a comprehensive elucidation on precisely why this is so apparent.…

    • 2636 Words
    • 11 Pages
    Best Essays
    Read More
  • Satisfactory Essays

    WB2 Abuse Person Centred Care And Safeguarding
    • 4331 Words
    • 11 Pages

    WB2 Abuse Person Centred Care And Safeguarding

    If an issue of challenging behaviour occurs within the Home, staff should try techniques to calm the situation to prevent any further disruption and try to identify any triggers. These techniques may include music therapy, relaxation therapy, complementary therapies and multi-sensory environments. Staff should receive training on these areas and techniques so that if a situation does arise, they're equipped with information and confidence to handle the issues without any further implications arising. If these are successful, the Care Plan must be updated immediately and this information must be passed over to the senior in charge or the General Manager so that it can be passed on to other appropriate members of staff. This will then provide others with the right tools to prevent a situation or to help manage it if one does arise again. The Care plan must be reviewed and updated every time an incident occurs. Restraint can be used as a way to manage challenging behaviour however this should always be a last resort and only if the danger to the service user outweighs the effect of losing their freedom. If restraint is used too frequently or for inadequate reasoning, it can damage a person’s mental and physical well-being; subsequently causing them to become more dependant, can increase the risk of pressure sores, incontinence and loss of dignity. If restraint is going to be used as a last resort, the senior in charge or the General Manager must be informed and must be in charge of the situation at hand. There should be clear instructions of what’s going to happen, to the staff and the resident to avoid further distress and not provoke further action from the service user. The Care Plan must be updated and the family should be informed immediately so that they can be involved in the risk assessments put in place.…

    • 4331 Words
    • 11 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Effects of globalisation case study- china
    • 1151 Words
    • 4 Pages

    Effects of globalisation case study- china

    In 1980 Special Economic Zones were established in the southern coastal provinces of China as a result of its 'Open Door' policy, adopted towards foreign trade and investment. These zones attracted foreign investment through incentives offered such as low tax rates, exemption from import duties, cheap labour and power, and less stringent regulations. This resulted in an increase in trade from 10% of Gross National Product (GNP) in 1978 to 36% of GNP by 1996. In 1992 tariff rates were reduced from 32% to 19%, supporting China's drive for foreign investment.…

    • 1151 Words
    • 4 Pages
    Good Essays
    Read More
  • Best Essays

    Canada and the Trans-Pacific Partnership
    • 2636 Words
    • 11 Pages

    Canada and the Trans-Pacific Partnership

    Membership in the TPP will prove to be very important for the Canadian economy. This free trade agreement will help to drive production and competition by opening up a global marketplace. Membership in the TPP will also present Canada with several issues. Current TPP members, mainly the United States and New Zealand, are adamant that Canada’s supply management of agricultural sectors be open for discussion. Canada’s relatively lenient laws with copyright protection will also be looked at. While many support protecting Canada’s current laws, many see this as an opportunity to re-define trade and abolish an outdated system for stabilizing the farming industry.…

    • 2636 Words
    • 11 Pages
    Best Essays
    Read More
  • Good Essays

    Discuss the effectiveness of government strategies used to promote economic growth and development for an economy other than Australia.
    • 877 Words
    • 4 Pages

    Discuss the effectiveness of government strategies used to promote economic growth and development for an economy other than Australia.

    In 1980, China adopted an ‘open door policy’ toward foreign trade and investment. This strategy was extremely beneficial for the Chinese economy as it started by setting up the Special Economic Zones in southern coastal provinces, to attract foreign trade and investment; it offered low…

    • 877 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    International Economics Final
    • 409 Words
    • 2 Pages

    International Economics Final

    The international economic landscape has and is dominated by the United States. However a new player is emerging. China over the past couple of years has sprung onto the national scene. These two countries are the top exporters and importers in the world with around $7.5 trillion in goods traded, according to a 2012 WTO study. They are also some of the largest import or export partners between each other trading approximately $536 billion being exchanged between the two countries. As the United States and China move forward into the next couple of years analyzing the past trends will allow for smarter decisions to be made. The research included will be drawn from data around the last 15 years with more accurate data regarding sectors being added in the closer to present we present. Topics covered will be:…

    • 409 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Federal Reserve System and Exchange Rate
    • 280 Words
    • 2 Pages

    Federal Reserve System and Exchange Rate

    A free trade zone (FTZ) is a specific class of special economic zone. They are a geographic area where goods may be landed, handled, manufactured or reconfigured, and reexported without the intervention of the customs authorities.…

    • 280 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    How Does China's Growth Affect US Workers
    • 863 Words
    • 3 Pages

    How Does China's Growth Affect US Workers

    Everyone knows the United States as a great economic power, but recently, another country has come up quickly to challenge this power. China is well on its way up the ranks as an economic and trade power, and the United States should be concerned. China’s rapid growth challenges the United States’ economic sectors, has productive economic policies, and has the opportunity to show a possible American decline.…

    • 863 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Western Influence On Modern Day Shanghai
    • 1531 Words
    • 7 Pages

    Western Influence On Modern Day Shanghai

    At the time, Shanghai was not viewed as an industrial center (Exception: Jianguan Arsenal). The scattered industrial industries were branches of the larger foreign companies. After the turmoil created by the Taiping Rebellion, the region experienced capital flight due to the insuing instability of such a conflict. In contrast, during the Sino-Japanese war, light industries were established promoting the flow of capital back into the county. Ultimately ???something happened???, bringing new treaty rights and the additional opening of ports allowing for foreigners to be able to establish legal factories within China. ???Something occurred??? leading to territorial concessions between foreign nations looking to settle and promote business in China. This relationship between foreign nations and China continued to develop and fostered the growth of Shanghai as a global hub. Early twentieth century Shanghai was a product of rapid modernization, thus breaking away from China’s indigenous urban experience due to: infrastructure development, the reinvention of the middle class, population expansion, infusion of foreign identity, and transformation of China’s value system. Ultimately, this shift molded Shanghai into an progressive, urban…

    • 1531 Words
    • 7 Pages
    Good Essays
    Read More
  • Good Essays

    Investing in Hi-Tech Industries in China: Pros and Cons
    • 4026 Words
    • 17 Pages

    Investing in Hi-Tech Industries in China: Pros and Cons

    China introduced market reforms in the early 1980s; only a third of the economy is now directly state-controlled. Since joining the World Trade Organization in 2001, China has rapidly become an economic force, doubling its share of global manufacturing output and creating a commodity-market boom. In 2004 China became the largest exporter of information and communication technology (ICT) exports.…

    • 4026 Words
    • 17 Pages
    Good Essays
    Read More
  • Better Essays

    Persuasive Paper
    • 2561 Words
    • 11 Pages

    Persuasive Paper

    The U.S. has become the biggest economy and played leadership role of the world after the World War II. After the U.S. established the position of the global financial center, the world has entered the period of the Market Economy. The Market Economy is a kind of economic system, in which the companies and enterprises make their developing strategies in order to achieve the maximization on both personal and social profits. Many countries adapt the Market Economy, so that they promote their domestic economy on the financial freeway. China also has studied the cases from the countries running the Market Economy and established the Market Economy as its financial system in 1978. After the development over three decades, China has become the second biggest economy and the biggest consuming market of the world. Especially after 2001, China’s entry into World Trade Organization (WTO) makes the connections between the two biggest economies into a much deeper extent. There are many important effects brought by China to the U.S. economy. Therefore, when the question is related if the Chinese economy brings more positive effects than negative effects to the U.S. economy, people’s attitudes are divided. Some opponents argue that China brings more negative effects to the U.S. economy, since China gives trade deficits, raises the risks of import safety, and competes job opportunities to the U.S.. However, these arguments are not completely true, because China also contributes many positive effects to the U.S. economy. Although the opposing arguments focus on the negative effects brought by the Chinese economy, the Chinese economy may bring more positive effects than the negative effects to the U.S. economy because the Chinese economy could strengthen economic safety, offer natural resources,…

    • 2561 Words
    • 11 Pages
    Better Essays
    Read More
  • Good Essays

    Us and China
    • 1092 Words
    • 5 Pages

    Us and China

    The trade between the United States of America and China have become essential aspects of this trade alliance, and these strategic trading partners have shed light to the world’s current economic trends, considering that the United States carries the largest economy while China has the second largest. When analyzing this trade and China and the United States relationship, there are important factors that need to be considered, such as the United States Trade Deficit, its consequences, relevant history of trade and diplomacy, and its imports-exports.…

    • 1092 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    the effects of China's influence in South America
    • 1004 Words
    • 3 Pages

    the effects of China's influence in South America

    China currently has a weakness that is based largely on agricultural production and raw materials, which is why this country is entering the Latin American economies, and maintaining trade relations are mainly focused on obtaining raw material to supply the local market and Latin American countries in turn import a wide range of products manufactured in special technology.…

    • 1004 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    360 Evaluation
    • 1845 Words
    • 8 Pages

    360 Evaluation

    The 360-Degree Evaluation or 360-Degree feedback system is a performance evaluation system. This evaluation system is considered 360-degrees because it involves the collecting of performance information from an employee’s sphere of contact. This includes evaluations from direct peers and co-workers, managers and supervisors, and unlike most reviews also from subordinates, making this a circular system.…

    • 1845 Words
    • 8 Pages
    Good Essays
    Read More

Related Topics