Shanghai FTZ and China’s Shift Into Services and Consumption

To gradually transition its economy from an export- and investment-based growth model to domestic consumption and services last September, Chinese authorities announced the creation of the China (Shanghai) Pilot Free Trade Zone (hereafter Shanghai FTZ). After three decades of double digits annual GDP growth rate, the Middle Kingdom decelerated┬áto approximately 7.7 % annual growth rate … More Shanghai FTZ and China’s Shift Into Services and Consumption