The Ministry of Commerce (MOC) said China and Pakistan free trade zone service trade agreement will take effect this month. It indicated a free trade zone between China and Pakistan would be set up involving goods trade, investment, according to the MOC. service trade and

The agreement was signed in February this year. According to the agreement, based on the commitments to the World Trade Organization (WTO), Pakistan will open 102 sub-departments in 11 service departments and China will open 28 sub-departments in six service departments.

China – Shang Hai Sustainable Economic Gain With Restructuring

Shanghai is prioritizing its economic structure to achieve sustainable gains in the city’s economic growth. Vice Mayor Tu Guangshaon said that the city is prepared to sacrifice a bit of economic growth if necessary.

Shanghai’s economy grew in the second quarter, pushing the growth rate in first half of 2009 to 5.6% after a sluggish gain of 3.1% in the first quarter. However, Shanghai lagged behind some cities in terms of the first half economic growth.

The State Council in April issued a directive to build Shanghai into a global financial and shipping center by 2020. The municipal government has framed implementation policies to facilitate the task.