Breakthrough Reform? Shanghai’s New Free Trade Zone

China officially launched the China (Shanghai) Pilot Free Trade Zone (the “SHFTZ”) on September 29, 2013 and on the same day published a long-awaited and longer-than-expected “negative list” setting forth industry sectors that will remain subject to restrictions or prohibition from foreign investment in the SHFTZ.

The announcements culminate a series of actions by the PRC government beginning in mid-summer...

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