1、中文 7000 汉字， 4200 英文 单词， 2.3 万英文字符 出处： Palmioli G, Heal A. Structural Economic Reform in China: The Role of the Shanghai Free Trade ZoneJ. Trade Insights, 2014. Structural Economic Reform in China: The Role of the Shanghai Free Trade Zone GIOVANNI PALMIOLI* AND ADAM HEAL* Highlights This note r
2、eviews the emerging imbalances in the Chinese economy and the attendant need for structural reforms, including financial sector and services liberalization. The role that the recently launched Shanghai Free Trade Zone could play in accelerating these reforms is then considered, alongside an assessme
3、nt of progress to date. Key findings: Chinas dramatic economic growth has delivered impressive welfare gains. But the current growth model is now producing severe structural imbalances in the economy putting future prospects at risk. The Shanghai Free Trade Zone (SFTZ) was launched in September 2013
4、 to provide a testing ground in which Chinas policymakers can experiment with economic reforms to be rolled out nationwide, paving the way for Chinas transition to a more efficient service- and consumption-driven economy. The SFTZ will open up many services sectors, including finance, to increased f
5、oreign investment. For the first time in China, a negative list approach is being used: this specifies sectors in which foreign investment is prohibited or restrictedthe default position being that it is otherwise allowed. The SFTZ has also been seen as an important stepping stone towards the intern
6、ationalization of the Renminbi (RMB). The launch of the SFTZ generated considerable initial excitement among investors. However, despite the high level of attention given to the zone, so far commentators have been broadly disappointed and businesses report little change from the status quo. The recent change of leadership in the SFTZ, as well as renewed commitments to reform from top leadership, indicate that new impetus may be attached to reforms. Without bolder moves in this
