Shanghai, July 12-35,000 new firms are registered in the China (Shanghai) Pilot Free Trade Zone by the end of April, and of them, more than 5500 are foreign funded, latest statistics by the FTZ administrative committee showed. Also, the averaged registered capital value of foreign funded firms almost double as much as of the domestic firms, the FTZ planners added.

According to them, in particular, since the size of FTZ was enlarged one year ago, nearly half of the foreign firms in Shanghai are registered in the FTZ, of which the proportion of newly established foreign firms has increased from 5 percent in the earlier period after the FTZ was founded to 20 percent currently, a sign that the young zone has enjoyed mounting recognition amid those foreign firms.

Meanwhile, the committee said that after the enlargement, the FTZ has generated 3/4 of the total GDP value of Pudong New District in almost equivalently only 1/10 of land size of the whole district, and a quarter of total Shanghai’s in 1/5 of the city’s land size.