By officially launching its first free trade zone in Shanghai on Sunday, China is unveiling a new economic reform path in the post-financial crisis era.
The Shanghai pilot free trade zone started operating Sunday, launching a test bed for the Chinese leadership's drive of deepening market-oriented reforms. 
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The central government unveiled the first batch of initiatives in a general plan that set the tone and scale of the China (Shanghai) Pilot Free Trade Zone.
Tax policy set to benefit startups
Yuan to be fully convertible in the zone
China's cabinet on Friday approved a detailed plan allowing foreign companies to invest in more service sectors in the Shanghai Free Trade Zone (FTZ).
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China will experiment with a wide range of reforms, including easing restrictions on yuan, investment, trade and business management in the (Shanghai) Pilot Free Trade Zone.
The decision to establish a pilot free trade zone in Shanghai stems from a number of internal and external problems that China now faces.
The municipal legislature of Shanghai on Thursday endorsed the legal framework for the China (Shanghai) Pilot Free Trade Zone.
Details of policies:
Domestic banks nodded for offshore business
Curbs on yuan, investment, trade to be eased
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China will launch the pilot free trade zone in Shanghai on Sept 29, taking a solid step forward to boost reforms in the world's second-largest economy.
Signs directing traffic to the China (Shanghai) Pilot Free Trade Zone have been put up, indicating that the zone has been given its official English name.
The Shanghai FTZ will be launched later this month but investors may have to wait for another couple of months before detailed reform guidelines released.
Shanghai Free Trade Zone details to be delayed
China's leading car manufacturer SAIC Motor Corp Ltd is gearing up for Shanghai's free trade zone to accelerate its overseas business, sources said.
The Shanghai Free Trade Zone is expected to pave the way for China's business hub to become one of the world's leading financial, trade and logistics centers.
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