China opens Shanghai free-trade zone | World news | theguardian.com: "A free-trade zone in Shanghai that China's government has billed as a major step for financial reforms and economic experimentation has formally started.
State media reported that a first batch of 25 Chinese and foreign companies were granted licences to register in the zone.
The China (Shanghai) pilot free-trade zone is a nearly 11-sq mile district that covers four existing special trade zones in Pudong district, including one at the airport.
China's state council formally announced rules for the zone on Friday. They outline goals to upgrade financial services, promote trade and improve governance as well as measures to encourage foreign investment in 18 sectors in the country's tightly regulated service industry."
'via Blog this'
Sunday, September 29, 2013
China opens Shanghai free-trade zone | World news | theguardian.com
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