More than 1,400 companies have registered in Shanghai’s trade zone within two months of its launch, allowing the official in charge to claim that progress at this crucial testing ground for Chinese economic reforms was on track, writes Simon Rabinovitch in Shanghai.
Expectations jumped ahead of the launch of Shanghai’s trade zone in late September, but companies were initially disappointed when they found that a long list of sectors were still out of bounds for investment.
A lack of clarity about promised measures for lightening China’s financial regulations also deterred banks from entering the zone at its inception.
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