Transcript
DAVID GREENE, HOST:
In the NPR business zone, we'll talk about an experiment in China.
(SOUNDBITE OF MUSIC)
GREENE: On Sunday, Shanghai will open a free trade zone that officials say will be a laboratory for reforming the world's second-largest economy.
As NPR's Frank Langfitt reports, the new zone is getting a lot of media attention in China but the details remain sketchy.
FRANK LANGFITT, BYLINE: The formula of low-wage labor and cheap exports that transformed China from a backwater into a global economic power has run out of steam.
XU BIN: The Chinese economy is sl