April 29, 2010 at 19:27 PM EDT
Shanghai: The Next Wall Street? China Must Loosen Fin'l Curbs
Shanghai will be the next global financial capital, China's leaders insist and analysts agree. But despite rapid growth in recent years, the Lujiazui financial district won't be taking its place alongside Wall Street anytime soon. The West's gateway to China until the communist takeover in 1949, Shanghai has regained that prominence in recent years. The Shanghai Stock Exchange passed Tokyo last year as Asia's biggest stock exchange in terms of
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