Impact of Shanghai free trade zone’s reforms on China’s economic growth

Using China Shanghai Pilot Free Trade Zone (SPFTZ) as a testing ground, several market-driven reforms are created to lay groundwork for sustainable economic growth. Our study aims to give readers a comprehensive analysis on the advancement of such reforms to date and whether they serve the SPFTZ’s a...

Full description

Saved in:
Bibliographic Details
Main Authors: Leong, Yu Shan, Lim, Xin Ni, Wong, Sheau Chyuan
Other Authors: Yip Sau Leung
Format: Final Year Project
Language:English
Published: 2015
Subjects:
Online Access:http://hdl.handle.net/10356/62468
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Nanyang Technological University
Language: English
id sg-ntu-dr.10356-62468
record_format dspace
spelling sg-ntu-dr.10356-624682019-12-10T13:26:54Z Impact of Shanghai free trade zone’s reforms on China’s economic growth Leong, Yu Shan Lim, Xin Ni Wong, Sheau Chyuan Yip Sau Leung School of Humanities and Social Sciences DRNTU::Social sciences::Economic development Using China Shanghai Pilot Free Trade Zone (SPFTZ) as a testing ground, several market-driven reforms are created to lay groundwork for sustainable economic growth. Our study aims to give readers a comprehensive analysis on the advancement of such reforms to date and whether they serve the SPFTZ’s aim of economic liberalization. As China’s GDP is currently in single digit growth, examining the progress of SPFTZ is critical and highly anticipated by global investors. Hence, vigorous secondary data analysis is conducted through a multifaceted and inquisitive research method. To provide a balanced view, information provided by multiple credible sources are cross-referenced. Our results revealed remarkable progress in several reforms, namely Administrative Policies, Negative List (trading sector), Free Trade Account, RMB Internationalization, Forex Management Reforms and Interest Rate Liberalization. However, areas that require room for improvement include processing time for setting up companies and Negative List (financial sector). Processing time could be further reduced by referring to OECD standards whereas vague items in the Negative List could be enhanced before duplication. Nonetheless, these policies possess potential to be duplicated gradually and eventually become a new growth strategy via economic liberalization. Bachelor of Arts 2015-04-08T03:09:25Z 2015-04-08T03:09:25Z 2015 2015 Final Year Project (FYP) http://hdl.handle.net/10356/62468 en Nanyang Technological University 77 p. application/pdf application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Social sciences::Economic development
spellingShingle DRNTU::Social sciences::Economic development
Leong, Yu Shan
Lim, Xin Ni
Wong, Sheau Chyuan
Impact of Shanghai free trade zone’s reforms on China’s economic growth
description Using China Shanghai Pilot Free Trade Zone (SPFTZ) as a testing ground, several market-driven reforms are created to lay groundwork for sustainable economic growth. Our study aims to give readers a comprehensive analysis on the advancement of such reforms to date and whether they serve the SPFTZ’s aim of economic liberalization. As China’s GDP is currently in single digit growth, examining the progress of SPFTZ is critical and highly anticipated by global investors. Hence, vigorous secondary data analysis is conducted through a multifaceted and inquisitive research method. To provide a balanced view, information provided by multiple credible sources are cross-referenced. Our results revealed remarkable progress in several reforms, namely Administrative Policies, Negative List (trading sector), Free Trade Account, RMB Internationalization, Forex Management Reforms and Interest Rate Liberalization. However, areas that require room for improvement include processing time for setting up companies and Negative List (financial sector). Processing time could be further reduced by referring to OECD standards whereas vague items in the Negative List could be enhanced before duplication. Nonetheless, these policies possess potential to be duplicated gradually and eventually become a new growth strategy via economic liberalization.
author2 Yip Sau Leung
author_facet Yip Sau Leung
Leong, Yu Shan
Lim, Xin Ni
Wong, Sheau Chyuan
format Final Year Project
author Leong, Yu Shan
Lim, Xin Ni
Wong, Sheau Chyuan
author_sort Leong, Yu Shan
title Impact of Shanghai free trade zone’s reforms on China’s economic growth
title_short Impact of Shanghai free trade zone’s reforms on China’s economic growth
title_full Impact of Shanghai free trade zone’s reforms on China’s economic growth
title_fullStr Impact of Shanghai free trade zone’s reforms on China’s economic growth
title_full_unstemmed Impact of Shanghai free trade zone’s reforms on China’s economic growth
title_sort impact of shanghai free trade zone’s reforms on china’s economic growth
publishDate 2015
url http://hdl.handle.net/10356/62468
_version_ 1681045494571204608