Capital controls continue to impede China's FTZ progress

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Capital controls continue to impede China's FTZ progress

China Shanghai sunset 230px
sunset at shanghai china, huangpu river and bund. | kalafoto - Fotolia

It has been three years since China launched the landmark Shanghai Free Trade Zone with the area originally envisioned as the blueprint for further reforms throughout the country. While market participants are disappointed by the authorities’ continued grip on capital controls, they are happy with the overall direction of the FTZ scheme.

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