At the end of the September, a free trade area in Shanghai China was open according to a senior government official. A new and dynamic mode of intellectual property administration is introduced to the public.
The chief of the Shanghai Intellectual Property Office, Lyu Guoqiang said that the area will break the conventions observed in most major cities. Clearly, the trend is that free trade areas tend to have higher standards for intellectual property protection and they provide the high-tech for further development of national economy. The 28.78-square-kilometer area, comprises four existing bonded zones in the metropolis. It is predicted that the existing of the area will to some extent change the way of finance, trade, tax, service industry and government administration.
From my point of view, residential property prices in shanghai will still increase dramatically. Shanghai aimed to be the trade and finance center of the Asia-Pacific region approximately ten years ago, thus planners will definitely concentrate more on the local business community. These business issues stimulate more investors to invest housing in Shanghai because of most attractive jobs are located.
Will there be a massive shift for governments to look to profit rather than land sales? Wait and see.
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