Shanghai free-trade zone is a symbol, not a threat
Sept 29, 2013
Hong Kong is dead. Economic roadkill on China’s way to world domination. Starting this weekend, a free-trade zone opening in Shanghai will supplant the former British colony as the gateway to the world’s most dynamic economy. That’s the chatter in the city of 7 million people, where some business leaders fear becoming China’s Chicago, long ago eclipsed by New York as a financial and cultural center. Shanghai’s new free-trade zone, opening for business Sept. 29 on 11 square miles of land, will of