China trade zone is 'warning' to Hong Kong: analysts | Bangkok Post: news

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China trade zone is 'warning' to Hong Kong: analysts

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Plans for China's first free trade zone -- seen as a threat to Hong Kong's status as a finance hub -- are also a tool to dampen political protest in the city, analysts say. 

A junk sails on Victoria Harbour in front of the city's skyline in Hong Kong on June 3, 2013.

The FTZ in Shanghai will allow unfettered exchange of China's yuan currency as part of a bold push to reform the world's second largest economy, according to proposals revealed exclusively by AFP earlier this month.

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