Casting your eye over the media hype around the Shanghai Free Trade Zone, it is fair to say that most of the ruckus is coming from Hong Kong.
Even with the Shanghai free trade zone in focus, an eye needs to be kept on what happens beyond its boundaries.
China's first free trade zone in Shanghai will attract multinational corporations to set up offices there and help the country's industrial competitiveness.
The formal launch of the Shanghai Free Trade Zone will offer SMEs in Shanghai a wider range of opportunities to upgrade and transform their industrial structures.
The State Council approved the establishment of the Shanghai FTZ on July 3, an endeavor that will catapult the city to the forefront of global financial, trade and logistics centers.
The approval of a pilot free trade zone in the eastern business hub of Shanghai indicates an important move for China's further reform and opening up.
Guideline made for pilot zone
Shanghai free trade zone approved
Zong Guoying, vice-mayor of Tianjin municipality, head of Binhai New District, and delegate to this year's National People's Congress, talks about construction of Dongjiang Free-Trade Zone in the eastern part of the city's Binhai New Area on March 2, 2013.
There are many reasons for China's rapid growth over the past three decades
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