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Shanghai offers biggest hint yet of zero-tariff policy at Lingang free-trade zone as it unveils plans for bonded facility

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Shanghai mayor Ying Yong said on Sunday the city was in the process of building a big bonded facility at its expanded Lingang free-trade zone, adding to evidence that zero import tariff policies would be implemented to attract investments.Ying said that the 119.5 sq km Lingang free zone, launched in August, would roll out additional tax incentives in the hope of turning it into a “modern city” with the greatest level of openness.“We are chasing higher quality economic growth and looking to…

Source: South China Morning Post