Guangdong’s pacesetter status for China economic reforms snatched by Shanghai

Guangdong party secretary Hu Chunhua. /Simon Song/SCMP

Guangdong party secretary Hu Chunhua. /Simon Song/SCMP

The imminent opening of a free trade zone (FTZ) in Shanghai has threatened the status of the southern province of Guangdong as a pacesetter for market-style economic reforms. According to official media, the Shanghai FTZ – which will be located in the Pudong district of the metropolis – will be the centerpiece of an economic reform blueprint to be endorsed by the Third Plenary Session of the Party Central Committee slated for early November.

 (FULL STORY)

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