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Shanghai Is Expected to Be Approved to Open a Free Trade Zone in July

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Core Tip: China's financial center Shanghai is expected to be approved to open a free trade zone in July at earliest to test free dialogue of renminbi and cross-border capital flow, sai

China's financial center Shanghai is expected to be approved to open a free trade zone in July at earliest to test free dialogue of renminbi and cross-border capital flow, said sources.

The Shanghai free trade zone project includes the pilot opening-up and gradually free exchange of renminbi capital accounts and other financial innovations. More importantly, in the context that China may start the negotiations to join in the TPP, the decision-makers have begun to consider making the Shanghai zone be the first opening-up window after China joins in the TPP.

 
Keyword: Free Trade Zone, economy
 
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