SHANGHAI, Jan. 29 (Xinhua) -- Shanghai will add more free trade accounts, a measure aimed at easier financing for companies in the city.
A total of 70,000 free trade accounts have already been opened in Shanghai and total financing exceeded 1.1 trillion yuan, said Ying Yong, mayor of Shanghai Cameron Wake Womens Jersey , on Monday.
The accounts became operational starting from 2014 in the free trade zone in Shanghai, located in the Pudong New District. Companies registered in the FTZ use the accounts for financing, investment and other cross border transactions.
The accounts enable funds to move freely between the FTZ and offshore entities, while curbing speculative risks from overflowing in the onshore financial system.
Ying said the free trade account system was an important innovation in financial reform. "Shanghai will allow more companies to open free trade accounts," he said.
"Shanghai plans to build a free trade port in an effort to facilitate trade and investment. The port will be built in the Yangshan Deep Water Port and Pudong International Airport," Ying said.
A free trade port is set up within national or regional borders but outside its customs supervision. It is a highly opened-up area that allows the free flow of most commodities Reshad Jones Womens Jersey , currencies and personnel.
SAN FRANCISCO, Jan. 29 (Xinhua) -- What caused the Zika virus, which had lain low since its discovery in the forests of Uganda in the 1940s, to trigger such severe outbreaks in recent times?
A group of researchers say a gene mutation detected after 2012 could have enhanced the virus' power to overcome immunity in the Aedes mosquito, its main carrier, and increase its power to infect.
The Asian lineage of the virus Minkah Fitzpatrick Womens Jersey , responsible for the recent epidemics, underwent mutation, increasing its potency to infect, according to the research published in Nature Communications journal Monday.
The research found the evolutionary mutation can increase the ability of Zika to overcome the host mosquito's immune response, reproduce more efficiently and cause greater infection and epidemics, Shi Peiyong Kalen Ballage Womens Jersey , a virologist at the University of Texas Medical Branch at Galveston and leader of the research team, said.
Zika, spread mostly by the bite of an infected Aedes mosquito, can be passed on by a pregnant woman to her fetus.
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