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    Cooper Chung International (Hong Kong Edition News)

    Cynthia Ching

    by Cynthia Ching

    Free-trade Shanghai aims to create a 'mini-Hong Kong'
    Shanghai has put its best foot forward in building the mainland's first free-trade zone, an ambitious project that demonstrates the city's increasing assertiveness in its bid to become a world-class metropolis.
    The plan, aimed at eventually creating a "mini-Hong Kong" in the mainland's commercial capital, underlines the new city leaders' ambitions of transforming Shanghai into the envy of Asia amid China's rising economic might.
    According to two government officials, the blueprint of the free-trade zone had received approval from the central government before acting mayor Yang Xiong unveiled the proposal in the government report delivered at the Shanghai People's Congress on Sunday.