FTZ to define development

Major policy changes designed to facilitate China's economic restructuring

The central government unveiled on Friday the first batch of initiatives in a general plan that set the tone and scale of the China (Shanghai) Pilot Free Trade Zone, which is expected to help shape the economic landscape in years to come.

These initiatives touch on some key sectors of the economy, including finance, commerce and industry. Some of them represent major policy changes to facilitate the economic restructuring that is deemed necessary to ensure sustainable growth.