The State Council has officially approved the project proposed by Tianjin Municipality to transform Dongjiang Free Trade Port Zone into the international shipping centre for North China, according to the administrative commission of the zone.
Preferential policies regarding international ship registration, tax, shipping financial services and leasing services will be granted to the zone, while related policies will come into effect in Tianjin in what are expected to be the most extensive and strongest policies to support the growth of international shipping introduced in China.
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