Shanghai Pilot FTZ Expansion 上海自贸区再扩容 临港新片区揭牌​

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An aerial view of factory buildings in the Lingang area is seen in Shanghai on June 8, 2019

On August 6, 2019, China’s State Council, the cabinet, approved the establishment of a new area of the Shanghai Pilot Free Trade Zone (FTZ) – the Lingang New Area.In addition, an overall plan was unveiled that explains how the new area will get built into a “special economic functional zone with strong international market influence and competitiveness”.
The Lingang expansion of the Shanghai free trade zone (FTZ) is officially unveiled on Aug 20, 2019

To meet this goal, Shanghai is setting up a special development fund to inject at least RMB 100 billion (US$14.2 billion) to construct the Lingang New Area over the next five years.
Tax breaks, such as a preferential rate of 15 percent on corporate income tax (CIT), and import duty exemptions will be offered to attract high-tech companies, talents, and infrastructure.

U.S. electric car maker Tesla's first overseas Gigafactory is under construction in the new Lingang area of the Shanghai Pilot Free Trade Zone

Lingang area is located in the southeast tip of Shanghai and is already home to over 500 projects, which include the presence of leading foreign companies like Tesla, General Electric (GE), and Siemens AG.

The administrative service center of the new Lingang area of the Shanghai Pilot Free Trade Zone

As per the latest plan, Lingang New Area will include a start-up area of 119.5 square kilometers, which can be divided into three parts: 76.5 square kilometers in the southern part of Lingang area, 24.7 square kilometers in the south area of Pudong International Airport, and 18.3 square kilometers in Lesser Yangshang Island.
上海自贸区再扩容 临港新片区揭牌8月20日上午，中国（上海）自由贸易试验区临港新片区正式揭牌。

位于上海东南角的临港地区，地处长江口和杭州湾交汇处，北临浦东国际机场，南接洋山深水港，背靠长三角广阔腹地，地理区位优势明显。

日前，国务院批复同意设立上海自贸试验区临港新片区，并印发了总体方案。根据批复，临港新片区先行启动区域面积为119.5平方公里。

当前，集成电路、生物医药、人工智能、航空航天等前沿产业正加速在新片区内集聚。作为上海面向未来发展的重要战略空间，临港，凭海，临风。

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