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Reform and opening up reshapes pioneering area in Shanghai Source: The saying epitomized the sharp contrast of the laggard region east of the Huangpu River in Shanghai to the early-developed region on the opposite side of the river, as Pudong was occupied mostly by farmland and sparse industrial firms back then.
The backwardness associated with Pudong has long become a thing of the past after 28 years of development, during which the area has turned into a new symbol and pioneer of the country's reform and opening up.
The colossal buildings that meet the clouds, however, are only a small part of the profound changes from Pudong's development sincewhen central authorities announced a decision to develop and open up Pudong.
Over the past 28 years, the local economy expanded from 6 billion yuan about million U. Covering about one-fifth of Shanghai's total area and home to a quarter of the permanent residents, Pudong now creates near one-third of the municipality's regional GDP.
In the first half of this year, the local GDP rose 8 percent to The fiscal revenue rose more than times from to The per-capita residential disposable income rose 3.
Total fixed-asset investment exceeded 2.
Favorable policies and easy market access in Pudong attracted the extensive participation of foreign investors. In the period, Pudong saw a total contracted foreign direct investment of The area is currently home to regional headquarters of multinational companies.
In the initial stage, Pudong was granted a host of supportive policies, including tax exemptions, easier project approval and easier access for foreign investment. With the policy preferences, Pudong saw the establishment of many of the country's firsts: InPudong was expanded with the establishment of the Pudong New Area.
Inthe State Council approved the Pudong New Area's role as the first pilot area for comprehensive reforms. Shanghai FTZ in Pudong published the country's first negative list with items which were off limits for foreign investment. The negative list has gradually been shortened as the opening-up drive expands, with items cut from to The area also spearheaded the country's efforts of streamlining business registration, speeding up customs clearance and corporate supervision.
So far, more than categories of institutional innovation have been duplicated and rolled out in other parts of the country.
It also shows the correctness of the reform and opening up under the Party's leadership, and the path of socialism with Chinese characteristics, he added. In early November, Shanghai will host the China International Import Expo, which has attracted more than 2, companies from more than countries and regions.
General Business - Global Business A Bachelor of Science in Business Administration in Global Business with a concentration in general business provides a broad overview of business within the context of a global business framework. Field trip to New York City to study important New York business and economic sites, such as the New York Stock Exchange, the Federal Reserve, the Fulton Fish Market, a large international bank, an advertising agency, a bond advisory company, and other tours relevant to economics. Scribd is the world's largest social reading and publishing site.
Pudong has chosen 13 platforms and enterprises to provide exhibition and logistics services to exhibitors from all around the globe. The area will take the opportunity of the expo to create new heights in pursuing opening up in all fronts, said Weng.Field trip to New York City to study important New York business and economic sites, such as the New York Stock Exchange, the Federal Reserve, the Fulton Fish Market, a large international bank, an advertising agency, a bond advisory company, and other tours relevant to economics.
GB Economics for Global Decision Makers unit 4, 5 and 6assignment | May 19, Assignment Select a GLOBAL Fortune company (it cannot be one you work for) that operates in the United States and in other nations around the world.
You will be using the same firm for the Unit 5 Assignment and the Unit 6 Final Project, so make sure it is. "Pudong's development is an important witness of China's reform and opening up and fully corroborates the greatness and correctness of the CPC Central Committee's decision of building special economic zones and new areas," Weng said.
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