Cina
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— Confucius
Wherever you go, go with all your heart.
— Confucius
China on Sunday launched a major free trade zone in its commercial hub Shanghai as the the world's second-biggest economy braces for the boldest reform move to liberalise regulations on finance, investment and trade.
Operations formally kicked off Sunday at a new free trade zone in Shanghai that China's government has billed as a major step for financial reforms and economic experimentation, but significant changes look to be years away.
It is seen as a testing ground for long-awaited market reforms in the worlds second largest economy
Citigroup has received regulatory approval for its Chinese unit to start setting up a branch in Shanghai's new free-trade zone, making it among the first foreign banks to target business in the new economic experiment.
China opened its new Shanghai pilot free trade zone Sunday that has been called a test for deepening market-oriented financial reforms for the next decade, state media said.
Reforms in the zone will be closely-watched as a key test of China's ability to make long-pledged structural changes as it attempts to shift its economic model in the face of slowing growth.
China's State Council, or cabinet, announced Friday the long-awaited rules for the Shanghai free-trade zone, pledging to ease restrictions on the service and financial sectors as a testing ground for reform.
China said it would lift a ban on videogame consoles and allow outsiders to offer some Internet services as part of rules issued for a new free-trade zone in Shanghai.
China's State Council, or cabinet, announced Friday the long-awaited rules for the Shanghai free-trade zone, pledging to ease restrictions on the service and financial sectors as a testing ground for reform.
Services sector to open up to foreign competition
Plan gives Chinas leaders controlled laboratory to experiment with loosened regulations on everything from interest rates to foreign investment
Asian stocks drifted on Friday, with markets in China edging slightly higher as investors stayed cautious ahead of a major holiday and details from the highly anticipated unveiling of a free trade zone in Shanghai. Stocks in Tokyo slid after Japan's inflation spiked.
This would be Singh's first visit to China after the change of leadership in that country
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Some see the 28km free trade zone as a short-term boon for local property developers and landowners but others hope it will be a crucible for reform
China has tightened restrictions on North Korea by issuing a long list of weapons-related technology and materials banned from export to its neighbor, reflecting Beijing's desire to get Pyongyang to scrap its nuclear programs and rejoin disarmament talks.
China's first free trade zone will allow access to Facebook, Twitter and other websites banned nationwide
India today said the widening trade deficit with China is not "sustainable" in the long run and asked the neighbouring country to give more market access for its products even as Beijing assured all steps in this direction.
SHANGHAI\ nflash\ - Il più importante evento di tennis in Asia parla italiano o meglio mangia italiano! Che la nostra cucina sia amata in tutto il mondo è cosa nota: lo conferma anche la scelta dellATP Rolex Master di Shanghai dove si servirà un menù Made in Italy. Sarà ancora una ...
Figures will add to pressure on UK pharmaceutical group as it faces threat of a substantial fine stemming from allegations of bribery
Energy trade between Russia and China could quadruple by 2025, consulting firm Wood Mackenzie forecasts.