The China (Shanghai) Pilot Free Trade Zone (SHFTZ), located in Pudong New Area, is a regional free trade zone founded on Sept 29, 2013 and originally consisted of Waigaoqiao Free Trade Zone, Waigaoqiao Free Trade Logistics Park, Yangshan Free Trade Port Area and Pudong Airport Free Trade Zone. The State Council decided on Dec 28, 2014 to expand SHFTZ by incorporating Lujiazui Financial Subzone, Jinqiao Development Subzone, and Zhangjiang High Tech Subzone, enlarging the SHFTZ from 28.78 square kilometers to 120.72 square kilometers.
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Pudong New Area in Shanghai maintained rapid foreign trade growth in the first quarter, with total imports and exports reaching 795.27 billion yuan ($110.45 billion), a quarterly record high that reflects the area's trade resilience and expanding global reach.
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