Shanghai FTZ Could ‘Bring Positive Surprises In The Near Future’

The Shanghai free trade zone (FTZ) commencement is set for September 29, and it will give Chinese policy makers the opportunity to experiment with deregulation and liberalization in one of the country’s most important economic regions. According to Societe Generale’s top China analyst Wei Yao, this shows that deregulation is coming sooner than most people expect, and could lead to surprises on the upside. Development of Shanghai’s free-trade zone “Deregulating the corporate sector and liberalizing the service industry are the key categories of reform capable of generating a positive boost in the near term,” says Yao. “The fast-track development of…