China’s plan to set up a test zone in Shanghai with reduced state control over policies from interest rates to foreign investment has split analysts over whether it will boost the economy across the nation.
Eight of 17 respondents to a Bloomberg News survey said the so-called free trade zone will have no effect or a negligible impact on growth, while eight said it will boost annual expansion by 0.1 percentage point to 0.5 point over the next five years. One economist in the survey, conducted from Sept. 18 through yesterday, said growth would increase by 0.5 point to 0.9 point.
