The anticipation over China’s new free trade zone, set to launch this weekend, is at fever pitch.
Homes next to the zone in Shanghai’s far-flung suburbs are sold out. The stocks of companies expected to benefit have surged, some rising by more than 300 per cent over the past month. Economists have hailed it as China’s most significant reform push in more than a decade.
Just do not ask any of the homebuyers, investors or analysts what the free trade zone will entail exactly, because, for now at least, they are all still mostly in the dark.
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