China's first FTZ in Shanghai to start new wave of reforms

BEIJING: China today unveiled a blueprint for its first free trade zone (FTZ) in Shanghai that will ease restrictions on the yuan, trade and investment to transform the world's second-largest economy under the new leadership.

China's Wen says economy still under pressure

(Reuters) - China's economy faces big headwinds though cooling inflation is giving the government more leeway to maneuver monetary policy, Premier Wen Jiabao was quoted by state media as saying on Wednesday.