The new free trade zone in Shanghai is a fascinating experiment by the Chinese government – among the most radical since it established the special economic zone in Shenzhen in 1980. But what does “free” mean?
As my colleague Simon Rabinovitch writes, there is uncertainty about how much economic liberalisation will be permitted in the zone, although plenty of big ideas have been bandied about: Read more
The collision of two Chinese bullet trains in Zhejiang this weekend ought to prompt the country’s leadership to think carefully about how one of the world’s biggest engineering projects has been handled.
The government’s first reaction was to to dismiss three senior officials in the Shanghai railways bureau for allowing the fatal crash to occur, as well as ordering emergency checks on the entire national high-speed rail network. Read more