New Strategic Research on China (Shanghai) Pilot Free Trade Zone

This book provides a detailed study of practices of China (Shanghai) Pilot Free Trade Zone (Shanghai FTZ henceforth). It aims to answer questions related to establishing the Shanghai FTZ and improving its practices, such as the future of world's macro-economy, the Shanghai FTZ's position in Chinese and world economy, government transition and international trade upgrading, as well as financial sector opening up strategies and innovations. By answering these questions, implications for possible future policy developments are provided. Though the operation of Shanghai FTZ is the main focus, this book delves deeper into the question of how China will further reform its financial system in the future. Similar to the Shenzhen Special Economic Zone, which heralded China's economic transformation in the 1980s and 1990s, the Shanghai FTZ may well be such a pioneer project, pointing to the future economic path that China might tread. Written by the foremost Chinese economists — with some involved in the setup process of the Shanghai FTZ, this book is a must read for anyone who is interested in the prospects of the Shanghai FTZ and the future direction of the Chinese economic development.

Contents:

• Preface
• New Trends in Globalization and China's Strategies (Zhigang Yuan and Yuxin Yu)
• Reflection on the Development Strategy of Shanghai Pilot Free Trade Zone (Dazhong Cheng and Bin Jiang)
• Taking Advantage of China (Shanghai) Pilot Free Trade Zone to Upgrade International Trade in China (Zhi Yan, Li Shuxing and Luo Changyuan)
• The Construction of Shanghai Pilot Free Trade Zone and the Transformation of Chinese Economy (Sun Lijian)
• The Opening Up and Innovation of Capital Marketing Shanghai Pilot Free Trade Zone (Zongxin Zhang)
• The Construction of Shanghai Pilot Free Trade Zone and the Interest Rate Liberalization in China (Zhou Guangyou and Luo Sumei)
• An Analysis of RMB Pricing Power of Commodities in China (Shanghai) Free Trade Zone (Luo Zhongzhou)
• A Study of the Necessity and the Plan for China (Shanghai) Pilot Free Trade Zone to Take the Lead in the Pilot of "Replacing Business Tax with Value-Added Tax" in the Financial Sector (Du Li)
• Establishing an Offshore Reinsurance Center in Shanghai Pilot Free Trade Zone (Dongmei Chen and Zhijian Feng)
• Trust and Financial Regulations: A Survey and Its Implication on Shanghai FTA (Qi Qianru)
• Money Laundering and Anti-Money Laundering in Free Trade Zones: International Experience and Shanghai Strategies (Yan Lixin and Tong Wenjun)

Readership: Students, economists and professional financiers who are interested in the newly established China (Shanghai) Pilot Free Trade Zone, especially the impact it will bring on China's financial liberalization.
Key Features:

• This is the first book studying the Shanghai FTZ
• This book is written by China's top economists in areas related to the Shanghai FTZ and many of them are government consultants. They have a deep understanding of the operation of Shanghai FTZ and the Chinese economy
• Conclusions from this book will provide lessons to the development of FTZs in other Chinese cities and other countries