President Xi Jinping urged the party’s leading group for overall reform to expand the Shanghai free-trade zone pilot scheme to other parts of the mainland, South China Morning Post reported, citing state media. “We should plant these seeds in more land so that flowers will blossom and fruits will be harvested as quickly as possible,” Xinhua reported Xi as saying. The remarks followed weekend media reports that a plan to set up an FTZ in Tianjin has been endorsed by ministry-level regulators and was awaiting the State Council’s go-ahead. To date, the only significant step the Shanghai zone has taken is establishment of a gold trading platform inviting foreign investors to play the metal.
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