Shanghai free-trade zone launched

Over the past couple of years, China’s growth has been exponential and China’s GDP is expected to surpass USA’s GDP in the forthcoming years. Shanghai’s new free-trade zone only supports this prediction as the easing of trade regulations in this area will improve global trade. The “X” in aggregate demand will only increase and the AD curve will shift right. China is keen to initiate many more schemes to increase its global trade patterns and who knows, maybe China will be the world’s next superpower?

More detail about the new freetrade zone launched by Commerce Minister Gao Hucheng just yesterday!

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