Shanghai to offer more support to trading companies
May 22, 2017 Category Foreign trade, Weekly
Shanghai aims to promote foreign trade by offering greater support for trading companies and local brands. Targeted services and incentives will be offered to the 100 biggest foreign trading firms, 100 local brands and 100 new trading companies in the city. They will enjoy fast customs clearance, tax refund and stronger financial support. The top 100 traders contribute about half of Shanghai’s foreign trade. Shanghai’s imports surged 25% year-on-year in the first quarter, while exports rose 13.2% in yuan terms.
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