Shanghai plans free-trade zone

Shanghai will start building a free-trade zone this year in a major step towards its long-term ambition of becoming a leading international trading hub.

The first step will be to upgrade and expand the city's bonded areas, where goods can be imported, processed and re-exported without the intervention of customs authorities.

via Business feed http://www.scmp.com/news/china/article/1137481/shanghai-plans-free-trade-zone