China launches free trade zone in Shanghai | Bangkok Post: news

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China launches free trade zone in Shanghai

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China Sunday launched a major free trade zone seen as a testing ground for long-awaited market reforms in the world’s second largest economy. 

Workers finish off a large sign that reads "China (Shanghai) Pilot Free Trade Zone," on September 23, 2013.

Commerce Minister Gao Hucheng attended the opening ceremony for the zone, which covers 29 square kilometres (11 square miles) in the country's commercial hub Shanghai.

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