A SPRINGBOARD FOR GROWTH

A look at how the Shanghai FTZ has over the past decade been a crucial engine driving innovation and economic development in China, Shi Jing reports.

A remanufactured engine for an articulated truck imported by Volvo Construction Equipment (China) arrived in Pudong New Area of Shanghai and completed declaration procedures at customs on Sept 1.

This marked the first time a remanufactured engine was imported into China.

This feat was made possible by a State Council measure released in late June, which stipulated that pilot programs for importing remanufactured products will be carried out in the FTZs or free ports.