China (Shanghai) Pilot Free Trade Zone comprises four areas under the special administration of Customs -- Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone. The entire zone covers a combined 28.78 square kilometers.
China (Shanghai) Pilot Free Trade Zone marks a major milestone in the nation's commitment to forge ahead with domestic reforms and wider opening to world markets, in line with global economic trends. The priorities of the zone are to explore new routes and systems for China's opening-up policies, to accelerate the transformation of how government functions, to promote economic restructuring and to prioritize development steps to ensure effective but stable growth. The zone also aims to pioneer innovative ideas that can be replicated in future in other parts of the country. The launch of China (Shanghai) Free Trade Zone will nurture China's new global competitiveness and establish a new platform to bolster global cooperation and lift the quality of China's economic development to a new plane.