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China to open ‘free trade zone’ in Shanghai on Sunday

China will on Sunday open its first free trade zone, an ambitious effort to transform its commercial centre of Shanghai into a global hub, state media reported on Tuesday. The project — which received official approval last month — will allow liberalised measures aimed at helping Shanghai compete with the…

China establishes ‘experimental’ free trade zone in Shanghai

China has approved an “experimental” free trade zone in its commercial hub Shanghai as it tries to promote economic reforms, the government said Thursday. The State Council, or cabinet, recently approved the zone after giving the preliminary go-ahead in July, the commerce ministry said in a statement. It said the…