China to set up a pilot zone for Silk Road e-commerce cooperation in Shanghai

The State Council approved the establishing of a pilot zone for Silk Road e-commerce cooperation in East China’s Shanghai, according to a circular released on Oct. 23.

The circular urged Shanghai to exert a pioneer role in making breakthroughs in reform and opening-up, aligning with high-standard international economic and trade rules, and exploring institutional innovation.

More efforts will be made to expand the opening-up in e-commerce field and build a new highland for international cooperation of digital economy.

The pilot zone is expected to boost the high-quality development of The Belt and Road cooperation, the circular said.