上海自貿區

De facto head of Shanghai free-trade zone departs

The de facto head of Shanghai’s free-trade zone has stood down, according to Chinese official media, striking another blow to a project that has already failed to live up to expectations.

Xinhua, the state news agency, said Dai Haibo, vice-secretary of the Shanghai municipal government, would no longer act as deputy director and party secretary of the year-old Shanghai free-trade zone management committee.

The FTZ declined to comment.

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