Chinese Premier Li Keqiang (centre) poses with two foreign investors during an inspection tour of the Shanghai Free Trade Zone (FTZ) in November 2015. The pet project of the premier has failed to live up to its expectations. Photo: Xinhua

Shanghai FTZ’s third anniversary nothing to celebrate given slow progress on financial reform

Hopes for liberalising the capital account were hobbled by fears over loss of control, says expert

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Chinese Premier Li Keqiang (centre) poses with two foreign investors during an inspection tour of the Shanghai Free Trade Zone (FTZ) in November 2015. The pet project of the premier has failed to live up to its expectations. Photo: Xinhua
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