Shanghai’s Free-Trade Zone: A Conversation With An 8-Year-Old

Shanghai Free-Trade Zone
Despite the hoopla around China's new free-trade zone that opened on Sunday, details are sparse on exactly how the promise of economic liberalization will help boost the economy. The 11-square-mile area in Shanghai will purportedly become a testbed where interest rates will be set by markets, foreign firms can freely trade the yuan, and outside investors can put money into previously off-limit state sectors.