China (Shanghai)Free Trade Zone and transformation of government functions

Zhao Qinglin

The  establishment  of  China  (Shanghai)  Free  Trade  Zone  is  not  only  to
adapt  to  the  new  changes  in  international  economic  situation,  but  also  the
inevitable  demand of China  to  deepen the  reform. The  construction of FTZ
relates  to  investment,  trade,  finance,  legal  and  other  fields,  of  which  the
transformation  of  government  functions  is  the  most  important.  Since  being
established half a year ago, China (Shanghai) Free Trade Zone has conducted
a  lot  of  explorations  and  innovations  in  the  institutions,  investment
management system, customs, inspection and quarantine, tax supervision and
other aspects, provided a number of experiences and learning, and received
good  effect.  Looking  to  the  future,  the  helm  of  this  much  anticipated
"reform and opening up 2.0" test is the government, the biggest variable is
the government, and the ultimate beneficiaries also include the government.