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Shanghai Daily News Digest

Lingang is all about institutional innovation at a much higher level   2019-09-12

 

 

The expanded area of Shanghai’s free trade zone will focus on the allocation of international resources and pay more attention to industrial innovation, development, upgrading and transformation, an expert said at a seminar on Thursday. The Lingang Special Area will play a leading role in the aggregation of industries, high-end manufacturing, modern service and industrial support to become an innovation-driven high ground with global influence and competitiveness, Quan Heng, vice chairman of the Shanghai Federation of Social Science Associations, said. Quan added Lingang is different from other parts of the free trade zone as the reforms in the zone before the recent expansion was mainly about the transformation of government functions and business facilitation.  

 


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