China free trade zone a bust so far: US business survey
Shanghai (AFP) March 4, 2015 - Nearly three-quarters of American firms in Shanghai say China's first free trade zone (FTZ) offers them no business benefits almost 18 months after it was established, according to a survey Wednesday. The Chinese commercial hub set up the FTZ in September 2013, promising a range of financial reforms, including full convertibility of the yuan currency and free interest rates, which remain unf ... more
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