China is scheduled to launch a new free trade zone in Shanghai over the weekend, a move that some analysts think could be a game changer for the world’s second-biggest economy.
Investors have reacted with great enthusiasm, snapping up huge amounts of real estate in the area and driving up the share price of any company with “Shanghai” in its name.
But there’s just one problem — the government hasn’t said much about how it plans to run the program. “There are no real details,” said Shaun Rein, managing director of China Market Research Group. “Everybody wants to know what it is. But it’s just a lot of rumors.”
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