DHAKA: China on Sunday, the State-run media reported a free trade area in its commercial center of Shanghai, with the project seen as a testing ground for necessary reforms in the world's second largest economy.
The zone, which covers 29 square kilometers, 'took the operation Sunday', said the official Xinhua News Agency, added that it was ' a test for the Chinese leadership drive of deepening of market-oriented reforms and increase the economic strength ', reported the Straits Times.
The launch was celebrated as an important test for China able to make long-pledged structural reforms, as he tries to shift its economic model in the face of the slowdown of in growth.
Free convertibility of the Chinese currency, the Yuan under the capital account may tentatively in the zone, according to China's State Council, cabinet announced Friday.
BANGLADESH DAYLIGHT SAVING TIME: 1507 ST., 29 SEPTEMBER 2013
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