A man talks on the phone at the newly inaugurated Shanghai Free Trade Zone, in Pudong District, Shanghai September 29, 2013. China has formally announced detailed plans for a new free-trade zone (FTZ)... more 
A man talks on the phone at the newly inaugurated Shanghai Free Trade Zone, in Pudong District, Shanghai September 29, 2013. China has formally announced detailed plans for a new free-trade zone (FTZ) in Shanghai, touted as the country's biggest potential economic reform since Deng Xiaoping used a similar zone in Shenzhen to pry open a closed economy to trade in 1978. In an announcement on Friday from the State Council, or cabinet, China said it will open up its largely sheltered services sector to foreign competition in the zone and use it as a testbed for bold financial reforms, including a convertible yuan and liberalized interest rates. Economists consider both areas key levers for restructuring the world's second-largest economy and putting it on a more sustainable growth path. REUTERS/Carlos Barria (CHINA - Tags: POLITICS BUSINESS) less 
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Reuters | Photo By CARLOS BARRIA / Reuters
Sun, Sep 29, 2013 1:15 AM EDT