China Looking at Other Avenues

China’s economy, the world’s second-largest, grew at its slowest pace in 14 years in 2013, latest figures show.  Its gross domestic product (GDP) expanded 7.7% from a year ago, the slowest pace of growth since 1999.

China has taken various steps to try and open up new avenues of growth. This includes opening up a free trade zone in Shanghai.

Policymakers have said they will try out reforms in key sectors of the economy inside the zone.


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