SHANGHAI | By Hu Shuli at Caixin | In an interview, Shanghai party leader Han Zheng describes the painstaking steps that preceded the Shanghai FTZ’s recent launch.
free trade zone
Iris Mir | China starts a new round of economic experimentation. Shanghai is set to become the new engine of growth with a China’s first Free Trade Zone (FTZ). The goal is to attract foreign investment by testing new deregulation rules that should give foreign companies greater flexibility. But urgent reforms in other areas are a must in order to transform the rise of the income of Chinese households into real purchasing power.