- Chines Premier Li Keqiang reportedly plans to open Shanghai's free-trade zone, which is being created to test economic reform, later this month.
- The area may allow the freer convertibility of the yuan and more liberalized interest rates, and ease restrictions on foreign investment.
- However, Wu Xiaoling, a former deputy governor at the People's Bank of China, says free-trade zones don't have much economic output, and the government would be better off accelerating reform with nationwide trials.
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China set to open free-trade zone towards end of month
Sep 15 2013, 03:35 ET