The Waigaoqiao area of the Shanghai free trade zone. The city’s mayor is cutting red tape, making it easier for foreign companies to set up business in China’s commercial capital. Photo: Xinhua

Shanghai mayor cuts red tape to woo investment as foreign firms mull relocating amid trade war

  • Mayor Ying Yong slashes time taken to register a new business, get manufacturing licence and access to electricity
  • Foreign investment in Shanghai up 2.1pc during the first nine months of the year to US$12.9 billion
Topic |   Trade

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The Waigaoqiao area of the Shanghai free trade zone. The city’s mayor is cutting red tape, making it easier for foreign companies to set up business in China’s commercial capital. Photo: Xinhua
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