Size matters: Shanghai mulls fivefold expansion of free-trade zone in bid to attract foreign capital

Shanghai is considering expanding its free-trade zone fivefold to as big as 600 square kilometres, and include two areas where US electric carmaker Tesla and Malaysian hospital operator IHH Healthcare are already active, to increase its appeal to foreign investors. The new expanded area will include Lingang and Hongqiao, located to the west of the Huangpu River that cuts through the city, according to sources. The city government is expected to unveil detailed expansion plans for the 120 square kilometre zone in the first half of 2019, after it receives…

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