China launches free trade zone in Shanghai

GMT 03:31 2013 Sunday ,29 September

Arab Today, arab today China launches free trade zone in Shanghai

Arab Today

China launched a free trade zone in its commercial hub Shanghai on Sunday, state-media reported, an ambitious testing ground for reforms in the world’s second largest economy. The zone, which covers around 29 square kilometres (11 square miles), "started operating Sunday, launching a test bed for the Chinese leadership's drive of deepening market-oriented reforms and boosting economic vigor", the official Xinhua news agency said.

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