国内英语资讯:China Focus: China FTZs expand opening for foreign business
<p><span word="SHANGHAI">SHANGHAI</span>, <span word="Jan">Jan</span>. 14-- <span word="A">A</span> <span word="Sino">Sino</span>-<span word="British">British</span> <span word="joint">joint</span> <span word="venture">venture</span> <span word="will">will</span> <span word="soon">soon</span> <span word="begin">begin</span> <span word="outbound">outbound</span> <span word="tourism">tourism</span> <span word="business">business</span> <span word="for">for</span> <span word="Chinese">Chinese</span> <span word="tourists">tourists</span> <span word="in">in</span> <span word="the">the</span> <span word="Shanghai">Shanghai</span> <span word="Free">Free</span> <span word="Trade">Trade</span> <span word="Zone">Zone</span> (<span word="SFTZ">SFTZ</span>).</p><p><span word="Registered">Registered</span> <span word="in">in</span> <span word="the">the</span> <span word="FTZ">FTZ</span> <span word="in">in</span> 2017 <span word="by">by</span> <span word="Thomas">Thomas</span> <span word="Cook">Cook</span> <span word="Group">Group</span> <span word="and">and</span> <span word="Shanghai">Shanghai</span>'<span word="s">s</span> <span word="Fosun">Fosun</span> <span word="International">International</span>, <span word="Fosun">Fosun</span> <span word="Tourism">Tourism</span> <span word="and">and</span> <span word="Culture">Culture</span> <span word="Group">Group</span> <span word="is">is</span> <span word="one">one</span> <span word="of">of</span> <span word="the">the</span> <span word="beneficiaries">beneficiaries</span> <span word="of">of</span> <span word="fine">fine</span>-<span word="tuning">tuning</span> <span word="to">to</span> <span word="some">some</span> <span word="laws">laws</span> <span word="and">and</span> <span word="regulations">regulations</span> <span word="in">in</span> <span word="China">China</span>'<span word="s">s</span> <span word="FTZs">FTZs</span> <span word="to">to</span> <span word="further">further</span> <span word="opening">opening</span>-<span word="up">up</span> <span word="and">and</span> <span word="reform">reform</span>.</p><p><span word="Eleven">Eleven</span> <span word="regulations">regulations</span> <span word="including">including</span> <span word="those">those</span> <span word="on">on</span> <span word="ship">ship</span> <span word="registration">registration</span>, <span word="urban">urban</span> <span word="rail">rail</span> <span word="transit">transit</span> <span word="and">and</span> <span word="foreign">foreign</span> <span word="investment">investment</span> <span word="are">are</span> <span word="to">to</span> <span word="be">be</span> <span word="temporarily">temporarily</span> <span word="adjusted">adjusted</span>, <span word="according">according</span> <span word="to">to</span> <span word="a">a</span> <span word="State">State</span> <span word="Council">Council</span> <span word="decision">decision</span>.</p><p><span word="One">One</span> <span word="regulation">regulation</span> <span word="specifically">specifically</span> <span word="deals">deals</span> <span word="with">with</span> <span word="foreign">foreign</span> <span word="investment">investment</span> <span word="in">in</span> <span word="tourism">tourism</span>. <span word="Joint">Joint</span> <span word="ventures">ventures</span> <span word="registered">registered</span> <span word="in">in</span> <span word="the">the</span> <span word="zones">zones</span> <span word="are">are</span> <span word="now">now</span> <span word="allowed">allowed</span> <span word="directly">directly</span> <span word="into">into</span> <span word="outbound">outbound</span> <span word="tourism">tourism</span> <span word="for">for</span> <span word="Chinese">Chinese</span> <span word="residents">residents</span>. <span word="Previous">Previous</span> <span word="regulations">regulations</span> <span word="meant">meant</span> <span word="joint">joint</span> <span word="ventures">ventures</span> <span word="had">had</span> <span word="to">to</span> <span word="work">work</span> <span word="with">with</span> <span word="local">local</span> <span word="travel">travel</span> <span word="agencies">agencies</span> <span word="on">on</span> <span word="outbound">outbound</span> <span word="tourism">tourism</span>, <span word="but">but</span> <span word="could">could</span> <span word="apply">apply</span> <span word="for">for</span> <span word="a">a</span> <span word="their">their</span> <span word="own">own</span> <span word="license">license</span> <span word="after">after</span> <span word="two">two</span> <span word="years">years</span>.</p><p><span word="Xu">Xu</span> <span word="Bingbin">Bingbin</span>, <span word="vice">vice</span> <span word="president">president</span> <span word="of">of</span> <span word="the">the</span> <span word="group">group</span>, <span word="said">said</span> <span word="his">his</span> <span word="firm">firm</span> <span word="has">has</span> <span word="various">various</span> <span word="products">products</span> <span word="for">for</span> <span word="Chinese">Chinese</span> <span word="tourists">tourists</span>, <span word="and">and</span> <span word="since">since</span> <span word="the">the</span> <span word="change">change</span> <span word="to">to</span> <span word="regulations">regulations</span>, <span word="revenue">revenue</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="increase">increase</span> <span word="tenfold">tenfold</span> <span word="this">this</span> <span word="year">year</span>.</p><p>"<span word="The">The</span> <span word="alteration">alteration</span> <span word="of">of</span> <span word="these">these</span> <span word="laws">laws</span> <span word="and">and</span> <span word="regulations">regulations</span> <span word="will">will</span> <span word="further">further</span> <span word="the">the</span> <span word="opening">opening</span> <span word="up">up</span> <span word="of">of</span> <span word="China">China</span>'<span word="s">s</span> <span word="free">free</span> <span word="trade">trade</span> <span word="zones">zones</span>," <span word="said">said</span> <span word="Ren">Ren</span> <span word="Yibiao">Yibiao</span>, <span word="general">general</span> <span word="manager">manager</span> <span word="of">of</span> <span word="the">the</span> <span word="National">National</span> <span word="Base">Base</span> <span word="for">for</span> <span word="International">International</span> <span word="Culture">Culture</span> <span word="Trade">Trade</span> (<span word="Shanghai">Shanghai</span>). <span word="The">The</span> <span word="changes">changes</span> <span word="are">are</span> <span word="also">also</span> <span word="good">good</span> <span word="for">for</span> <span word="FTZ">FTZ</span> <span word="businesses">businesses</span> <span word="involved">involved</span> <span word="in">in</span> <span word="shipping">shipping</span>, <span word="agriculture">agriculture</span>, <span word="aerospace">aerospace</span> <span word="and">and</span> <span word="urban">urban</span> <span word="rail">rail</span> <span word="transit">transit</span>.</p><p><span word="As">As</span> <span word="of">of</span> <span word="October">October</span> 2017, <span word="nearly">nearly</span> 18,000 <span word="firms">firms</span> <span word="were">were</span> <span word="registered">registered</span> <span word="in">in</span> <span word="the">the</span> <span word="SFTZ">SFTZ</span>, <span word="double">double</span> <span word="the">the</span> <span word="number">number</span> <span word="in">in</span> <span word="the">the</span> <span word="four">four</span> <span word="previous">previous</span> <span word="bonded">bonded</span> <span word="zones">zones</span> <span word="when">when</span> <span word="they">they</span> <span word="merged">merged</span> <span word="in">in</span> <span word="September">September</span> 2013. <span word="In">In</span> <span word="the">the</span> <span word="first">first</span> <span word="three">three</span> <span word="quarters">quarters</span> 2017, <span word="foreign">foreign</span> <span word="trade">trade</span> <span word="in">in</span> <span word="the">the</span> <span word="zone">zone</span> <span word="rose">rose</span> 16.2 <span word="percent">percent</span> <span word="year">year</span> <span word="on">on</span> <span word="year">year</span> <span word="to">to</span> 150 <span word="billion">billion</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>.</p>
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